Maggie Lake Talking Markets Episode 65: Has A Bear Cycle Taken Hold? With Katie Stockton.
Jun 18, 2025
Katie Stockton, founder of Fairlead Strategies and PM of the TACK ETF, returns to share her expertise on market trends. She discusses bearish signals emerging in equities and the dollar, while highlighting the rising momentum in gold and oil. The conversation takes an intriguing turn with a potential rebound for utilities amidst market volatility. Stockton also delves into the implications of the latest Fed meeting and the significance of a cautious investment strategy in these unpredictable times.
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S&P 500 Momentum Weakness
- The S&P 500 shows signs of both short-term and long-term momentum loss, hinting at a potential cyclical down or sideways move.
- This suggests a higher risk environment resembling early bear market cycles seen in 2022.
Set S&P 500 Stop-Loss Level
- Use a concrete stop-loss level: an opening above 6079 negates bearish signals on the S&P 500.
- This helps manage risk by clearly defining when short-term bearish views should be abandoned.
Mega Caps Drive Market Risk
- Mega caps, especially NVIDIA, are key to market sentiment but show momentum loss beneath the surface.
- Market internals signal risk is tight; deterioration could happen quickly given the fragile momentum.