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The Markets Are Starting To Struggle (Technically Speaking For 5/4)

May 04, 2021 6:05 PM ET9 Comments
Hale Stewart profile picture
Hale Stewart


  • US manufacturing is growing at a peak rate.
  • The treasury market has stabilized.
  • The markets are starting to struggle.

Businessman analysis stock chart in crisis covid-19 for investment in stockmarket and finance business planning selective stock for Stockmarket crash and Financial crisis
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US manufacturing is expanding at a solid rate (emphasis added):

The seasonally adjusted IHS Markit U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) posted 60.5 in April, up from 59.1 in March and broadly in

This article was written by

Hale Stewart profile picture
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (9)

A few days ago Hale remarked that IWC and IWM surged 94% and 74% respectively since November. I think we are having a Seasonal pullback in the entire market with the smalls giving up the most. This will likely set the market up for another big wave of buying in July and/or august. Bargains are lighting up my screen.
TDune75 profile picture
@cebu sun , bargains are lighting up your screen? You must have those new fangled rose colored glasses where every equity with >1% draw down shows buy,buy,buy!
@TDune75 lol. They're bifocals.; half rose colored, half brown.

I still think we will be dumping then taking off in Summer.
Technically speaking, market will continue to go higher and reach its peak around 2nd qtr of 2022 ..
TDune75 profile picture
@1575 , Why Q2/2020?
TDune75 profile picture
@1575 , meant 2022, typo.
@TDune75 ,
Not typo, only temporary peak, the whole rally started from last year will at least last 4 years if we pay attention to the history.
ok QQQ has had a breathtaking bull run off the back of the narrative that we will all sit and work from home forever. Now this notion is challenged by the reopening narrative and the issue that all growth is priced in into the growth stocks with earnings foreseeably having topped for the time being.
Good data and COMMENTARY.
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