Earnings (especially chips/hyperscalers) matter for short-term psychology, but persistent core inflation and the Fed's reaction function are the primary macro drivers. The new Fed chair may refine data but won't engineer a case for early cuts; cutting prematurely risks higher long-term yields (bond vigilantes). Falling oil helps headline inflation only marginally—core inflation trends remain elevated, keeping rates sensitive to earnings and global growth broadening.
explicit
implicit
RUT
implicit
Metals
USD
Janus Henderson
8.0
Asset Manager $330.00B
Mike Anthopoulos 9.0
Asset Manager $330.00B
Mike Anthopoulos 9.0
6/25/2026 1:16:08 AM
ndx
Mike expects broadening from chips/hyperscalers to other markets, implying continued but more diversified upside in tech-heavy indices over the medium term.
wti
Falling oil helps headline inflation on the margins but doesn't change the core picture, implying no strong directional view on oil itself.
yields
Cutting rates into an economy with 3-4% inflation, strong earnings, and full employment would cause long-term rates to go higher as bond vigilantes punish the market.
| 5/28/2026 1:04:27 AM | medium term up | 20 days later | -0.04% | -0.04% |
| 4/13/2026 11:02:47 PM | medium term up | 20 days later | +4.46% | +4.46% |
| 4/13/2026 11:00:20 PM | medium term up | 20 days later | +4.46% | +4.46% |
| 4/2/2026 1:09:36 AM | medium term up | 20 days later | +0.23% | +0.23% |
| 11/25/2025 10:11:27 AM | short term cautious down | 5 days later | +2.45% | -1.23% |
| 9/17/2025 6:17:31 PM | medium term down | 20 days later | +0.61% | -0.61% |
| 9/16/2025 6:36:48 PM | medium term down | 20 days later | +1.25% | -1.25% |
| 9/16/2025 2:05:10 PM | medium term cautious up | 20 days later | +1.25% | +0.63% |
| 9/15/2025 8:39:17 PM | short term up | 6 days later | +2.91% | +2.91% |
| 8/7/2025 11:40:17 PM | medium term cautious down | 20 days later | -1.82% | +0.91% |
