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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This Week in Barrons: 09.21.2025

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https://www.linkedin.com/pulse/week-barrons-09212025-r-f-culbertson-zz9qc 

 

Factually: (a) The S&P500 remains in a strong uptrend, and resuming rate cuts has helped to unlock further new highs.  (b) Global equities are also going strong.  (c)  The wealth effects are speaking louder than soft jobs data.  And (d) There has been a surge in ETF launches recently.  Overall, per Callum Thomas, while there are some concerning signs and signals, the trend is still up and the path of least resistance for stocks looks to be: “Higher for Longer”.   And as we look at this week’s economic session; the changing US economy currently means that macro soft spots are set to get painted over by wealth effects.  It could also be the case that further bad economic news could be good news for the markets.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-09212025-r-f-culbertson-zz9qc 

 

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This Week in Barrons: 09.14.2025

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https://www.linkedin.com/pulse/week-barrons-09142025-r-f-culbertson-znlzc

 

Factually: (a) Tech and Bitcoin both peaked in August when investor allocations to equities reached a record high.  (b) Continued weak labor data makes the odds of a 25bps FED rate cut on Wednesday very likely.  Overall: While tech stocks have been riding a wave of strong fundamentals, the comparable numbers get more difficult going deeper into the year.  Headwinds include: a softening labor market, rising inflation risks, and ‘stagflation’ continuing to be front-n-center.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-09142025-r-f-culbertson-znlzc

 

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This Week in Barrons: 9.07.2025

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https://www.linkedin.com/pulse/week-barrons-9072025-r-f-culbertson-pazwc 

 

Factually: (a) Tech Stocks and Bitcoin peaked in August – both seeing extremes in investor positioning.  (b) Total investor allocations to equities reached a record high.  (c) Weak labor data raises the odds of FED rate cuts.  Overall, per Callum Thomas: While tech stocks have been riding a wave of strong fundamentals, the higher they climb – the greater the risk.  And that makes August’s technical top in tech – interesting.  Aside from that there is: a softening labor market, rising inflation risks, and the teetering prospect of “good cuts vs bad cuts”.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-9072025-r-f-culbertson-pazwc 

 

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This Week in Barrons: 08.31.2025

 

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https://www.linkedin.com/pulse/week-barrons-08312025-r-f-culbertson-dvmzc 

 

Factually: (a) The S&P500 closed up +1.9% in August (+9.8% YTD). (b) Future FED rate cuts are likely to be bullish for the markets.  (c) We are due for a seasonal uptick in volatility.  And (d) The bullish broadening theme continues to play through.  Overall, per Callum Thomas: This week’s 3 Key Themes are: (1) Future rate cuts will be bullish for markets and for rotational broadening of the market itself.  (2) There is a real tendency for volatility to spike around Sep/Oct.  (3) There is an abundance of bullish breakouts across sectors and regions which increases the odds for bull-market longevity and the bullish broadening of markets themselves.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-08312025-r-f-culbertson-dvmzc 

 

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This Week in Barrons: 08.24.2025

 

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https://www.linkedin.com/pulse/week-barrons-08242025-r-f-culbertson-uui9c 

 

Factually: (a) There is bullish broadening, improved earnings breadth, and bullish rotations as markets trend higher. (b) There are plenty of seasonal risk flags and tech early warning indicators firing off as we head into September.  And (c) Credit spreads are at 25-year lows indicating confidence & complacency.  Overall, per Callum Thomas: This week’s 3 Key Themes are: (1) Markets are building bullish evidence via their technicals, rotation, and breadth.  (2) The big picture risk pressures are also increasing due to expensive valuations, AI hype, and all-in positioning.  And (3) The short-term seasonal risk flags are waving.  Reconcile these indicators via hedging, risk management strategies, and paying attention to what price is telling you.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-08242025-r-f-culbertson-uui9c 

 

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This Week in Barrons: 08.17.2025

 

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https://www.linkedin.com/pulse/week-barrons-08172025-r-f-culbertson-9ca6c 

 

Factually: (a) Sentiment is slipping as we head into a seasonally ‘slippery’ part of the year. (b) Valuation indicators are reaching ‘stupidly’ extreme / expensive levels. (c) More people are ‘negotiating’ with the facts.  And (d) Emerging Market equities are cheap and breaking out.  Overall, per Callum Thomas: It’s just another day in the late stages of the market cycle. Aside from the speculation, there’s a bull market in the number of charts showing valuation extremes and pressure points.  More people are ‘negotiating’ against those facts using phrases like: “valuations don’t matter” and “it’s different this time”, but the facts are ironically what tend to give valuations a greater weight and meaning.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

 

https://www.linkedin.com/pulse/week-barrons-08172025-r-f-culbertson-9ca6c 

 

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This Week in Barrons: 08.10.2025

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https://www.linkedin.com/pulse/week-barrons-8102025-r-f-culbertson-j9szc

Factually: (a) Companies are no longer concerned about a recession.  (b) Q2 earnings saw a large surge in big beats.  (c) Tech stock earnings are going vertical, non-tech stocks == horizontal earnings.  (d) Tech sector profit margins are at a cyclical and secular high.  And (e) If Tech used to be expensive, it’s now insanely priced.  Per Callum Thomas: The market continues in its lane - unbothered.  The tendency for higher volatility around Aug-Sept-Oct, and the constant geo-political surprises warns against complacency.  Maybe it’s just as simple as good earnings justifies expensive valuations.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

https://www.linkedin.com/pulse/week-barrons-8102025-r-f-culbertson-j9szc

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This Week in Barrons: 8.3.2025

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https://www.linkedin.com/pulse/week-barrons-832025-r-f-culbertson-qopsc 

Factually: (a) The S&Ps closed up +2.2% for July (+7.8% YTD), and subsequently slipped -1.6% the first day of August.  (b) Volatility and Credit Spreads are seeing their normal seasonal upturn.  (c) Investors are skewing portfolios heavier and heavier into tech stocks.  And (d) US electricity demand has broken out to a new all-time high.  Overall, Per Callum Thomas: Investors have shifted their focus from ‘rebound management’ to ‘full-risk-on’ – as the recovery from the April low fizzles, and seasonal headwinds begin to weigh.  Short-term technicals are tenuous, pressure points are building, but medium-to-long-term trend indicators remain healthy.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

https://www.linkedin.com/pulse/week-barrons-832025-r-f-culbertson-qopsc 

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This Week in Barrons: 7.27.2025

 

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https://www.linkedin.com/pulse/week-barrons-7272025-r-f-culbertson-tvcwc

Factually: (a) Volatility (at a 5-month low) will rise from August to November. (b) Stocks, Bitcoin, and Gold are all riding waves of liquidity. (c) The Equal-Weighted S&P500 made a new ATH last week. And (d) Penny stock ‘gambling’ has doubled in recent years.  Overall, the rally continues to run its course. Per Callum Thomas: Momentum is strong, sentiment is building, valuations are becoming expensive again, and we could be seeing signs of a bullish rotation and broadening out.  But data points to things being a little too quiet lately – just as we head into a traditionally volatile time of year.  Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

https://www.linkedin.com/pulse/week-barrons-7272025-r-f-culbertson-tvcwc

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This Week in Barrons: 07.20.2025

 

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https://www.linkedin.com/pulse/week-barrons-7202025-r-f-culbertson-bqmqc 

Factually: (a) Semiconductors (along with their market cap weight) made further ATHs. (b) History tells us that the semis are normal & healthy, but need to be monitored. (c) Market cap Put/Call ratios and stretched valuations = stocks that are late in the cycle. And (d) Market booms start with good reason, and end when things get unreasonable. Overall, it’s a good opportunity to take a minute and look at the markets – as they relate to the risk and cycles outlook. Learning from history means learning to identify risks, opportunities, and what may come next. Please feel free to read the rest of the blog post: #investing #stocks #bonds #options

https://www.linkedin.com/pulse/week-barrons-7202025-r-f-culbertson-bqmqc 

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