Jun 11, 2026
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- In reaction to more peace talk headlines, Brent crude oil fell to the lowest level since mid-March and the 30-year Treasury yield fell below the 50-DMA on an impressive outside day reversal.
- AI stocks have been pulling back leaving some Implementation basket stocks at interesting technical levels.
- Nonfinancial business debt as a percentage of GDP rose by one of the largest amounts on record since the end of the GFC.

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Jun 10, 2026
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- While Oracle (ORCL) capex appears to have peaked, it still came in at 86% of revenues.
- The recent selloff in equity indices has helped push the forward P/E ratio of the S&P 500 back down to 20.2x, or just below 5% forward earnings yield.
- Petroleum stockpiles continue to rapidly unwind, especially for strategic reserves that are now only 2.4 mm bbls above the July 2023 low.

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Jun 9, 2026
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- Tech has experienced a painful 5-day selloff that has taken it down 8.9% off of its high one week ago.
- Price and breadth were disconnected once again with today marking the 37th time this year that price and breadth moved in opposite directions.
- AI-linked categories of imports continue to rise exponentially; accounting for 16.5% of total goods imports in April

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