Published November 14, 2025
We thought the information from Bob Pisani, former analyst at CNBC, was interesting. Mr. Pisani has a Substack blog for those who might be interested. Enjoy his insights:
“Here’s why the stock market is still at a new high: record profit margins. (more…)
Published November 7, 2025
This week, stocks wrestled with whether AI-related stocks, and maybe the market overall, is in a “bubble” with valuations high by historical standards. The answer to that question over the past couple of months has been “no” with stocks continuing to march upward. This earnings season, however, has seen some negative responses to strong earnings. Is that just seasonal repositioning ahead of a typically strong fourth quarter for stocks, or something more long-lasting? Time will tell. (more…)
Published October 31, 2025
A survey of headlines this week reveals the challenges facing the Federal Reserve as they consider further interest rate cuts. While the AI trade remains robust, holding stocks near record highs, news of layoffs across many companies and industries is rising. (more…)
Published October 24, 2025
The article from Delta Research below discusses the odd intersection between consumer sentiment, labor markets, and stock prices. What is good for Wall Street right now might not be good for Main Street. (more…)
Published October 10, 2025
Talk of bubbles is fairly rampant these days with parabolic rises in silver and other metals joining huge jumps in prices of anything AI-related (the circular AI bubble being its own bubblicious beast). The MarketWatch article below reminds us that the popping of the late-90s “dot com” bubble was not a straightforward affair, but rather a process. It is that process of unwinding that leads to the very helpful and wealth-protecting SELL signals our models generate (as we did then and again in 2007-2008). (more…)
Published October 3, 2025
With the stock market having come through the infamous month of September in fine fashion, investment analyst talk of a bubble in stocks, and in AI-related companies, has returned full force. Delta Research outlines below the supporting structures for higher stock prices. Afterward, we link to an article on the AI bubble thesis. As Trend-Followers, we follow the market’s price moves, up or down. Regardless of AI bubble fears, price continues to move up. (more…)
Published September 26, 2025
So far at least, the presumed negative impacts of the Trump Administration’s tariff policies have not materialized. GDP for the third quarter is projected to be above +3%, a healthy economic growth level. While inflation remains higher than hoped for, it has not accelerated to the upside as some predicted. The doom and gloom purveyors keep having to push out their negatives into some future time.
Why is this the case? How can so many market and economic analysts get it wrong? We think the stock market has been a big part of the answer.
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Published September 19, 2025
The Federal Reserve’s long-awaited interest rate cut happened this week. Below, we provide thoughts from Delta Research on the rationale behind the rate cut and prospects for markets now that it has occurred. (more…)
Published September 12, 2025
We know that many investors worry about deficits and the potential impact on interest rates. There was a bit of upheaval in non-U.S. credit markets recently. (more…)
