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BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Last week action was incapsulated for the most part in last Friday’s all-round selloff which hit across markets, signaling a distinct return of risk aversion of which the catalyst was the “good news” of a seemingly much stronger than expected Non-farm payrolls on Friday which led to some rerating of US monetary policy tightening

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH As US stocks completed their ninth consecutive weekly gains, closing at fresh all-time highs at the end of the week, BoA strategist M. Harnett lamented about the biggest bubble since the railroads but fighting the move took even more courage as the US gears for historic IPO’s and a Fed likely to signal top policy tightening. One

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH US stocks gained for an eight consecutive week last week, supported by expectations of a nearing resolution and optimism about the upcoming mega IPOs of SpaceX and OpenAI. In that context, BoA CIO Hartnett jumped out of the fence over the week end saying that “AI is the biggest bubble since the railroads (when it comes to the con

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH While US stocks managed to close marginally higher and for the seventh consecutive week (despite some serious roller coaster action), the bond market sell off last week was global with yields rising in the UK, Japan, Germany, Europe as a whole and Australia as a confluence of factors conjured from a political crisis in the UK, su

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH US stocks witnessed another week of (moderate) gains, still finishing April at all time highs with 81% of stocks so far in the reporting period, beating expectations. The Fed’s decision on Wednesday to leave rates unchanged, keeping an easing bias, despite an unusually fractious FOMC vote that saw four officials break from the co

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH US stocks climbed, led by the Nasdaq 2% weekly gain, still taking in stride the Middle East war as they remained driven by continued positive AI headlines and big earnings performance that propelled the semi sector 8% higher. The breadth among tech was not that great however with IBM and ServiceNow ending the week 10% lower. WTI

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report. Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Last week, global markets short squeezed further, embracing the scenario of appeasement and peace …which may or may not materialize at the look of the week end’s events. While D. Trump seemed in a hurry to declare victory on all points of his negotiation with Iran, Iran responded over the week end by restoring its authority on th

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH US stocks fluctuated to the tune of D. Trump’s Truth Social frustrated rage where he oscillated between genociding comments “a whole civilization will die tonight, never to be brought back again” (a comment that would have better suited Adolf Hitler than a US President) before holding a more conciliatory tone, opining “I agree t

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Wall Street staged a dramatic comeback with stocks climbing as oil fell on hopes that the war may be nearing a conclusion. US President D. Trump called on other nations to take control of the Strait of Hormuz, expressing his frustration that the monthlong war remains unresolved. “You’ll have to start learning how to fight for yo

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Risks to global markets and the global economy significantly increased last week with little sign of the TACO or central bank put surfacing. De-risking intensified, leading to cross asset selling in stocks, bonds, precious metals and even certain commodities except oil and gas. Major US equities broke key support levels last wee

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Stocks dropped further last week across sectors and geography, in breakdown mode (despite artificially low volatility) approaching long term support with banks faring worst on the week as the Iran crisis accelerated the private credit downturn despite President D. Trump clamoring on Monday “I think the war is very complete, pret

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH What was supposed to be quick-win operation of killing Iran’s Supreme Leader followed by some form of induced insurrection and regime change morphed into an operation that would last just a couple weeks, then be expanded for a few months then as long D. Trump would want until he receiving Iran’s “full and unconditional surrender

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH The market did not need the week end news of the “Operation Epic Fury” to close on a sour and febrile note, dragged down by escalating concerns about the AI impact (so called “AI scare trade”) and the private credit fallout. If anything, the latest military operation could also revive memories of the past (where the initial war

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH US stocks gained a little over 1% last week despite tech underperforming, more private credit woes, Fed minutes suggesting forthcoming US rate hikes “could” be as likely as rate cuts, war mongering surrounding a possible strike on Iran and Friday’s Supreme Court decision compromising or at least complicating D. Trump’s tariffs p

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH More tech selling last week erased the SP500 gains for the year, pushing the Nasdaq into negative territory as more investors grew worried that more businesses will be potentially swept aside by new AI applications. What started with software and video companies and their private equity firms’ backers continued last week after A

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Global markets were shaken, seemingly by the choice of K. Warsh as the new Fed Chair to succeed J. Powell seen as more “hawkish” than the other candidates. While K. Warsh has been more critical of QE, having notably pushed back in 2010 against Bernanke’s move to restart QE, he is by no means a dove…It would appear that he fitted

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Although the equity markets’ correction of the past two weeks remained mild so far, it still seemingly took investors off guard who remained the most bullish since July 2021 with protection holding at an eight-year low, and with cash levels at a record low, according to BoA survey. These findings also pushed BofA’s Bull and Bear

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH 2026 started on a particularly sad note, leaving us to share the pain of parents, sisters, brothers, family members and members of the Crans Montana community who were struck by the catastrophe of the bar “Constellation” caused by a criminal, motivated by the sole pursuit of profits at the expense of all other considerations. Th

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH The EU Commission was dealt a 1, 2 and 3 punch last week. - First, it had to backtrack under the economic pressure of a collapsing car industry, on its ban of fossil fueled cars by 2035 . This was by itself a monumental policy inflection imposed on the EU green (and as such incredibly self-harming) agenda compounding the product

BentinPartner Weekly Dear Reader, Please find below our latest Weekly Trend Report . Have a nice start of the week. Marc Bentin, Bentinpartner GmbH Over the past week, US stocks dropped marginally and international bond yields grinded higher despite the expected decision of the Federal Reserve to cut Fed Funds by 25bps and the decision to bring back QE and start a monthly purchase of T-bills of USD40bn “…for the purpose of maintaining an ample supply of reserves over time”,