Time To Start Getting REALLY Bullish? | Tom McClellan

Market technical analysis reveals a strong upward trajectory for stocks, driven by the third year of the presidential cycle and favorable seasonal patterns. Despite current short-term volatility and concerns regarding corporate high-yield bond breadth, historical data suggests that the market is nearing a bottoming process before a sustained climb. Gold prices function as a 20-month leading indicator, signaling that interest rates and crude oil costs will likely remain elevated through 2028. While margin debt has reached record levels, cyclical analysis indicates that the next major market top is not expected until 2028. Investors should anticipate continued upward pressure on energy prices and borrowing costs, even as the broader equity market benefits from ongoing deficit spending and liquidity.