This Week in Barrons: 11.09.2025

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https://www.linkedin.com/pulse/week-barrons-11092025-r-f-culbertson-c7swc 

 

Factually: (a) Bitcoin is rolling over: a warning sign for teetering tech stocks. (b) Investors of all types are increasingly all-in on the AI trade. (c) The AI race is heating up as an AI credit boom kicks-off. And (d) Investor sentiment is euphoric across numerous metrics while consumer confidence is slumping.  Overall, per Callum Thomas: the AI bubble continues to simmer away as investors increasingly pile into the only game in town.  This has all the hallmarks of a late-cycle market, with sentiment riding high and big bets being placed.  The mid-October volatility spike continues to show that we’re in an environment where the slightest post, nudge ‘n sneeze can send shudders through an otherwise complacent marketplace.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-11092025-r-f-culbertson-c7swc 

 

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This Week in Barrons: 11.02.2025

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https://www.linkedin.com/pulse/week-barrons-11022025-r-f-culbertson-iplcc 

 

Factually: (a) The S&Ps gained +2.27% in Oct – their 6th monthly gain in a row.  Following 6 consecutive monthly gains, another gain is more likely. (b) Seasonally, November is historically the best month of the year.  (c)  Tech’s surging profit margins help explain their extreme highs in valuations.  Profit margins peak before stocks, and with no margin peaks – then no stock peaks.  Overall, per Callum Thomas: There is a statistical slant towards another month of gains in November.  Yet never be satisfied with a 1-sided synopsis, bad breadth, statistical tails, and/or increasingly expensive valuations.  I suggest you not get too complacent this coming week.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-11022025-r-f-culbertson-iplcc 

 

Please feel free to read the blog post: #investing #stocks #bonds #options

This Week in Barrons: 10.26.2025

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https://www.linkedin.com/pulse/week-barrons-10262025-r-f-culbertson-n6zbc 

 

Factually: (a) There has been a surge in retail participation since 2020, along with a surge in leverage – especially more recently.  (b) Some leverage indicators are at warning levels.  (c) Small Tech is ticking up vs Big Tech (after 8-years of losing).  (d) Studying the history of markets prompts a pondering of “the path forward”.  Overall, per Callum Thomas: The rise of retail investing and speculation marks a shift and an extremely significant development in modern markets.  If I had to guess I’d say that at least some elements of it are going to end up as ‘the new normal’.  Retail and speculation will stay higher for longer, but that’s also a sign of the times and a marker on the stage of the market cycle.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-10262025-r-f-culbertson-n6zbc 

 

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This Week in Barrons: 10.19.2025

 

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https://www.linkedin.com/pulse/week-barrons-10192025-r-f-culbertson-dbmcc 

 

Factually: (a) Stocks found support at their 50-dma, seasonality is turning up, and the trend is intact. (b) FED policy support & earnings are outweighing politics & valuations.  (c) Investor allocations to cash are at the low end of the historical range as investors are all-in on stocks.  And (d) Early tech stock bubbles are showing repeating patterns of market psychology.  Overall, per Callum Thomas: After the latest trade war scare selloff, the S&P500 has found support at its 50-dma, and the 200-dma remains upward sloping.  Yes, stocks are expensive.  Yes, (geo)political risk is in shambles with many a boogeyman lying in wait.  Yes, the macro environment has been a little murky, but central banks are cutting rates, (tech) earnings are decent, and the trend is your friend.   (The music’s still playing.)  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-10192025-r-f-culbertson-dbmcc 

 

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This Week in Barrons: 10.12.2025

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https://www.linkedin.com/pulse/week-barrons-10122025-r-f-culbertson-rklxc 

 

Factually: (a) Seasonally, it’s not unusual to see volatility flare-ups this time of year.  You tend to see a dip and then a year-end-rally. (b) Speculators are already buying the dip. (c) Several indicators focused on speculative excesses are displaying fragility.  And (d) High valuations warn against complacency.  Overall, it’s 1999 == ‘Déjà vu all over again.’  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-10122025-r-f-culbertson-rklxc 

 

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This Week in Barrons: 10.05.2025

 

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https://www.linkedin.com/pulse/week-barrons-10052025-r-f-culbertson-r1vsc 

 

Factually: (a) The S&P500 made its 5th monthly gain in a row in September. (b) The 1990s tell us that there is room to run for this bull market.  (c) Lofty valuations suggest tempering your enthusiasm. In fact, the “S&P493” is overvalued vs its global peers (which are breaking out).  And (d) there is a growing list of major, global, bullish breakouts.  Overall, per Callum Thomas: The bull market moves higher.  While there are various warning signs starting to light up, there’s also numerous global, bullish developments.  These developments signal a bullish broadening of the rally and highlight the merits of looking beyond the Mag-7 for investment ideas.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-10052025-r-f-culbertson-r1vsc 

 

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This Week in Barrons: 09.28.2025

 

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https://www.linkedin.com/pulse/week-barrons-09282025-r-f-culbertson-osvmc 

 

Factually: (a) Seasonality is soft into Oct, (b) Defensive equities are dangerously discounted, (c) Tech valuations & allocations are at generational highs, and (d) Commodities look bullish and investors are underexposed.  Overall, per Callum Thomas: when many of the most interesting charts are sounding warning signs you just can’t ignore them.  The week ahead is giving off bearish vibes, but it’s the commodity sector (including precious metals) that is getting me excited and that not many people are talking about.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-09282025-r-f-culbertson-osvmc 

 

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