In this episode of Excess Returns, we welcome back Katie Stockton, founder and managing partner of Fairlead Strategies, for a deep dive into the current state of the market through the lens of technical analysis. Katie walks us through her outlook on U.S. and international equities, key sector rotations, and the signals her indicators are sending about what’s next. We also explore the strategy behind her tactical ETF (TACK) and how investors can use chart-based insights to manage risk and identify opportunities in a complex macro environment.
📌 Topics Covered:
The current technical setup: secular bull, cyclical bear
How to interpret gaps, indicators, and moving averages
Weakening market breadth and its implications
Sector rotation: what’s working and what’s not
The outlook for international vs. U.S. markets
Sentiment extremes and the "fear & greed" indicators
Technical setups in commodities: crude oil and gold
Thoughts on Bitcoin, the dollar, and bond spreads
How the TACK ETF applies technical signals in practice
