[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Over the past few weeks, we’ve talked about some of the various unsettling intermarket signals, like the strengthening dollar, that have come across the screens. Today, in the wake of a higher-than-expected inflation reading, the danger that had been lurking “out there” is now in our laps. The greenback is getting even stronger, and stocks, led by chipmakers, are dropping fast. Not too long ago, the odds of a March Fed rate cut were high. Today, there’s a 60% chance there will be no cut in May. With the CPI numbers we’ve just seen, no one’s seriously taking bets until June. But that’s not to say there are no opportunities out there. We’ll be looking at where the money’s headed in today’s video.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] I hope you didn’t get your fill of competition this weekend, because we’re about to be treated to a matchup that I think will give Super Bowl LVIII a run for the money… It’s all about the bulls vs. the bears. Here’s what I mean… The S&P 500 started off the day pretty strong but slowly started to give up ground – it ended the day down 0.095%. That’s hardly a rout, but the VIX – the “Fear Gauge” of volatility – had a much better day. It was up better than 7% by the close. We’re entering another data-heavy week, and investors are starting to think about risk. Tech gave up ground, while defensive stocks, value, and small-caps gained. Let me walk you through what’s happening – we’ll look at XLK, NVDA, ARM and everything in between…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] You know it as “Nvidia, the Wall Street darling that for some reason is worth $1.7 trillion.” I know it as “Nvidia: The most dangerous stock in the S&P 500 right now.” NVDA’s valuation is so far out of whack, so divorced from reality that it has become a threat and a symbol of what’s wrong here. We’ll get to why… In fact, this wildly bullish environment is really papering over some very unhealthy market internals. I’m going to run through some Spiders that show quite a few sectors are starting to weaken. I’ll show you a scan that shows just 20% of the S&P 500 is at highs. And of course we’ll look at our expected move for next week. This past week we were looking for a 68.27 five-day move. I’ll show you how we did…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] There comes a time in any economic cycle when inflation can roll over and begin a period of deflation. We’re at that point now, and just to make things interesting, we’re in the middle of a “Goldilocks” run in stocks. That makes now the perfect time to look at industries and assets that tend to outperform in inflationary markets. And of course we’ll look on the other side at how to capture performance in deflationary periods. Let’s go…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Stocks just keep going up. The S&P 500 is knocking at the psychologically important 5,000 level – an all-time high and a nice, big round number. So why do I feel uneasy? I think the market is really just fixated on the prospect of upside and is turning a blind eye to some significant risks out there. I’m expecting around a $70 move on the SPX – the “mother of all products” this week – and we’re about halfway there right now. In other words, we ain’t out of the woods yet. And with the market more or less running on tech right now, investors could get the rug pulled out from under them at any second. Let me show you what I mean…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Markets are starting to come off their recent all-time highs, but it’s the tech-heavy NASDAQ that’s actually the most concerning right now. Tech, which led the markets last week, is starting to give up its leadership position, with chipmakers like Nvidia and AMD coming under pressure. With that said, a lot of the intermarket signals we look at are in fact positive, at least in the short-term. It wouldn’t be surprising to see stocks notch one more run at all-time highs before the bears come out in force. It’s a complicated market, no question; there are just as many opportunities as there are potential pitfalls. So let’s take a look at what the charts are telling us…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The Magnificent Seven propelled the markets virtually the whole of last week, despite weakness creeping in around the edges. At the same time, we saw monster volumes in the bond market as the smart money nervously eyed the exits. Stocks have drifted slightly lower at the beginning of the week, though tech and healthcare are still leading. That could change in a hurry, though. The Federal Reserve and the bond market are both speaking loudest right now, and the interest-rate-sensitive sectors will be listening. Here’s what you need to know…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Virtually all week, we saw a surge in bonds – the classic signal of a “flight to safety” and a warning that all hell’s about to break loose in stocks. We saw the entire market fixate on tech and its stellar earnings – tech is the market right now. Jobs numbers sparked an explosion in the dollar. If that all sounds chaotic… well… it is. It’s completely manic. But there’s no need to worry, we’ve got the charts and the chops to get through it. Our predicted expected move in the S&P 500 came in right on the money last week, so we can be confident we’re positioned correctly for the “yikes” moment that seems to be coming. Let’s dive in…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] There have been a huge number of layoffs issued recently – 61,000 notices impacting nearly 7 million workers. That’s not something the economy can just shrug off – and the markets are going to have a hard time grappling with it, too. Here’s why…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] There are some immense bond trades underway right now. That’s because the smart money is bailing out of the S&P 500 and fleeing tech. These moves scream “defense!” and we’d be wise to pay close attention. Duck and cover – money is running scared…