Adam D. Koós, CFP®, CMT, CEPA retweeted
High yield spreads usually give a clue the monster under the bed is real. We saw spreads widen in early '25 and '26, well before the market cracked.
Right now? Sleep with the lights on if you want, but there is no monster.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Going back 40 years, stocks have been lower in December during the first year of the Presidential cycle only once.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Yes, yesterday's reversal was ugly, no way around it.
Then again, Thursday is gonna Thursday apparently.
Adam D. Koós, CFP®, CMT, CEPA retweeted
A reminder that the average year sees a 14% peak-to-trough correction, yet still gains more than double digits on average.
Adam D. Koós, CFP®, CMT, CEPA retweeted
They told us the trade war meant everyone would dump our debt.
What actually happened is foreigners are not only buying our debt, but buying stocks as well.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Goldman Sachs: “markets might not have bottomed”
Wells Fargo: “could retest the lows”
Morgan Stanley: “retesting the low end of 5,000 range is feasible”
JP Morgan: “sees S&P500 falling to 4,000 in worst case scenario”
Bank of America: “sell the rebound in US stocks”
🤔
Adam D. Koós, CFP®, CMT, CEPA retweeted
The latest worry they are trying to scare you about is margin debt above $1T for the first time ever = speculative mania is back.
They conveniently leave out the denominator. Looking at this as a % of market cap shows a much different story.
Great work from @SuttmeierTS here.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Thanks @AdamKoos for a fantastic discussion on the Market Misbehavior podcast! We talked early days as a financial advisor, how the introduction to technical analysis and @CMTAssociation helped him improve his investment approach, and how he uses charts to enrich relationships with clients.
youtu.be/D6WGVpOKJ4M
Adam D. Koós, CFP®, CMT, CEPA retweeted
59....
The $SPX has traded above its 20-day SMA for 59 straight trading days. That's the longest stretch since April 1998.
Only a few dozen of times in history have we seen bull runs like this last this long.
None of them ended with strong reversals nor tip new bear trends...
Adam D. Koós, CFP®, CMT, CEPA retweeted
Delinquencies appear to be peaking and rolling over.
Nice one from Torsten Slok.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Coming into this year we knew Q1 was quite weak historically, while Q2 was pretty strong. History rhymed once again.
Adam D. Koós, CFP®, CMT, CEPA retweeted
The three year itch?
Bull markets tend to catch their breath during this year, perfectly normal action so far in 2025.
Especially interesting how year three was quite choppy when looking at the two longest bull markets ever.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Looking more and more like another 19% near bear market.
If so, strong returns going out a year are perfectly normal.
Adam D. Koós, CFP®, CMT, CEPA retweeted
Just 9 days to move 10% down and then 10% up. Haven't seen that kind of price action very often.
$SPX

































