The Dollar has been surprisingly quiet over the past six months — barely moving on the surface.

But beneath that calm, commercial hedgers have been steadily accumulating at levels we haven’t seen since 2021.

...

Hello Again, Spirit Animals!

I'm headed away with my family on a much-needed tropical vacation.

The markets have been good to me, and it's time to step back and appreciate that goodness with the people who are my heart...

Sector rotation is the lifeblood of any bull market.

As we head into Q4, I’m thinking about where the next wave of outperformance comes from.

Small-caps have been left for dead. Nobody wants to touch them, and sentiment couldn’t be more...

One of the things I love most about bull markets is how they eventually come for everything.

The winners drag the losers along. Leaders expand, laggards catch up, and even the weakest groups finally get their turn.

That’s broadening...

Welcome back for another Top Down Trade of the Week.

This is a classic leadership scan.

We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at...

During broad market uptrends, the bad ones catch up to the good… and not the other way around.

Losers become winners.

Laggards turn into leaders.

By the time it’s all said and done, and the...

Hello Again, Spirit Animals!

It's important to step back and celebrate the good.

This isn't a victory lap. Far from it. But we need to appreciate when the market gods are smiling on us. If we don't, the inevitable...