Welcome back to MktContext where we study the US economy and time the stock market.
Current stock market timer: BULLISH
Stocks are retracing the early-August short squeeze. A lot of crosswinds here as the US Treasury suppresses interest rates while oil prices trudge higher. Today's post will feature a deep discussion on both.
Meanwhile, stocks remain extremely bifurcated. Chip stocks continue to struggle in post-bubble fashion. Speculative stocks like biotech and ARKK are breaking out. The rotation continues.
Many of the healthcare stock picks we gave several weeks ago are working nicely as the entire sector is lifted by a positive cancer-vaccine announcement this week. Our best pick was THC which rallied 55% on the back of strong earnings:
Iran war update
The war remains at a low simmer. The 60-day ceasefire expired with neither side attempting to extend it or resume discussions…
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Iran war update
Treasury buybacks and quantitative easing
Healthcare rotation continues
Technical analysis and our portfolio
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