From the desk of Willie Delwiche.

This is a good time to think about what could happen after the midterms because the run-up to this fall’s elections could be almost unbearable. The Fed, the Supreme Court and lingering fights over the 2020 election will provide candidates of all stripes with plenty of political fodder. The public mood is already dour and an onslaught of negative ads is not likely to help. History and conventional wisdom suggest stocks could struggle for traction over the summer, find a low prior to the election and then rally as the outcome becomes evident. The S&P 500 has been higher 12 months after every single mid-term election since at least 1950. The problem with that information is that it is being widely discussed. The data is what it is and the past is all we have to go on. Nonetheless, the words of Bernard Baruch seem relevant right now: “Something that everyone knows isn’t worth anything.”

An alternative view is that the pattern of the S&P 500 since its early year peak is not dissimilar to what was seen...

This is the video recording of our June 24, 2022, All Star Charts Crypto Weekly Strategy Session.

The stock market has breathed a much-needed sigh of relief this week.

Are we out of the woods? I wish I knew.

But in case we're not, I'm hedging a little bit by taking this bounce opportunity to get into a bearish position in an Electric power generation stock that appears to be dead-cat bouncing.

We debuted a new scan recently which goes by the name- All Star Momentum.

All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.

We've adjusted a position in the Paid-to-Play portfolio today:

The largest insider buy on today’s list is a Form 4 filing by Turtle Creek Asset Management, which revealed a 496,000-share purchase of JELD-WEN Holding $JELD.

In his latest Form 4, the chairman and CEO of Enviva $EVA revealed a purchase of approximately $1 million in the lumber and wood company.

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley  

Bonds are off to their worst start in the past 40 years, possibly ever! 

It’s not even close. 

As we near the end of Q2, the US Treasury Bond ETF $TLT is down almost 22% year to date. And that’s after its recent bounce higher.

There's been nowhere to hide, as these traditional safe-haven assets have been an absolute dumpster fire along with stocks.

But we’re starting to see some of those flames extinguished.

Some of the worst-performing stocks tipped the bond market’s hand ahead of the recent lows. That’s right: Those Big Tech names and Chinese internet stocks stopped going down months ago and now bonds are following higher.

Believe it or not, bonds and high-duration equities have a lot in common. The Growth $IWF versus Value $IWD ratio really tells the story.

Let’s take a look.

Here’s an overlay chart of the TLT and the IWF/IWD ratio:

While bonds have sold off throughout the year, growth stocks have suffered a similar fate...

There's no denying the fact that crypto and macro have become intertwined in recent times.

We'd even go far as to say that Bitcoin is a macro asset. I think over time, as its market capitalization grows, the correlation to traditional assets will remain concentrated, as Bitcoin will eventually go on to exhibit gold-like returns.

Some will ask what it'll take for Bitcoin to decouple from equities. This is often a great and insightful discussion. But, like most elements relating to financial markets, we need to see them for how they really are, not how we want to see them.

When it comes to the macro landscape, it's clearly been difficult to ignore what's taking place in yields. The carnage in the bond market is, by historical measures, extreme.

The first lesson you learn in any university finance program is that higher yields negatively impact long-duration assets -- you're seeing this take place right here and now.

The Nasdaq is trading tick-for-tick with US Treasuries over recent weeks:

This is the video recording of the June 23rd Weekly Town Hall w/ Willie Delwiche.

06/23/22 2:00 PM ET

From the desk of Willie Delwiche.

Monday was an unexpected break. Markets were closed for Juneteenth Day, which is now a Federal holiday. I didn't realize that would be the case until the middle of last week. It has made for a short week in the market after a long weekend for doing whatever it is you do to get refreshed after staring at computer screens all day. For me, it meant more time in the garden.

The garden has provided its own share of unexpected developments recently, and I’m not just talking about volunteer cantaloupes (though there are several of them around).

In the pond, a spike in ammonia levels necessitated an overdue and unexpectedly extensive cleaning. Not only is it now a healthier environment in which the fish can thrive, but in the process we discovered a baby fish that we hadn't known about.

The next new trade in our Paid-to-Play portfolio is:

We had two resting GTC orders filled to exit positions at our profit targets in the Paid-to-Play portfolio today: