In this week's episode David and Ian discuss the bullish engulfing candles witnessed on Monday, but no follow-through in sight with the S&P back below 6800. They also discuss the relationship between oil and energy prices, when else have we seen Financials be the worst performer to start the year, breadth deterioration, what it means if XLP breaks down while outperforming the rest of the market on a relative basis, fixed income and interest rates, international equities, and what is going on with Private Credit. Also discussed is precious metals, precious metals miners, changes in membership of the S&P 500, and cryptocurrency.

In this week's episode David and Ian discuss the continued chop in the S&P 500, bearish sentiment, retail buying, energy stocks with the increase in oil prices, support and resistance, theses for the range in the S&P 500 being further consolidation and then a move higher, or the forming of a market top.

In this week's episode David and Ian discuss the S&P 500 continuing to be rangebound, sector rotation and industry performance during different points of the market cycle. They also discuss what it would look like if there is a mid-year 8-12% correction which would be perfectly normal with mid-term year seasonality. Other topics discussed is cryptocurrencies, Nvidia earnings reaction, materials and miners, microcaps, international equities, interest rates, private credit, and the U.S. Dollar.