The Mars Market Update — Live Research

Last week's CPI came in not too hot, not too cold, but just right for this goldilocks market - the US$ broke sharply lower while equities, bonds and commodities rallied in the hope of a less interventionist Fed and potential soft landing. Equity markets are...

Global equities continue to stall at resistance as global rates rallied across the board - the risk markets are attempting to price in higher rates for longer as global economies remain resilient with constrained labor markets. Equity markets appear to be forming a...

Last week, equities drifted lower from resistance but the declines are NOT yet clearly impulsive. Importantly, the Russell 2000 overlapped its proposed wave (i) high to invalidate the near term bull case and open the door to a more bearish reversal. The equity market...

Last week, risk assets rallied strongly following the Fed pause and expectation of a global slowing of rate rises and easing financial conditions. The benchmark SPX rallied strongly from its gap and go in what appears to be a 3rd wave. While we had been looking for...

Last week, equities pushed marginally higher to potentially complete another small degree impulsive rally in the SPX and DJIA. The question is whether this is an ending wave (SPX) as we have been anticipating or just the start of a stronger 3rd wave rally (DJIA)? This...

Equity markets extended their respective rallies late last week as investors embraced the NFP induced goldilocks rally where the economy seems not too hot, not too cold, but just right... OPEC+ extended production cuts over the weekend opening the door to a sharp...

Last week, US equities maintained bullish momentum after a hard test of our 50 day sma support highlighted over the last few weeks. The best case for the bears is a "sell the news" bearish reversal after this push to marginal new highs in the SPX and Nasdaq indices....

Last week, equities pushed to marginal new highs as expected but the structure appears incomplete. The gap between leaders (Nasdaq) and laggers (Russell) continued as the Nasdaq indices extended recent gains to push through our initial upside targets. The Russell...

Equities have traded in a sideways consolidation for over a month now as investors search for direction. We do NOT have confirmation of a tradable top as markets have digested a slowing of the Fed hiking cycle, receding inflation and a moderately slowing economy....

Key events this week – US CPI, US Senior Loan Officer Opinion Survey Q1, Debt limit negotiations, BoE policy decision Recap from last week According to the S&P PMIs, global growth momentum continued to improve going into Q2. Manufacturing remains stagnant while...