_{FINANCIAL NEWS}

​Dow Theory Signals More Trouble Ahead for Stock Market

A century-old market indicator, Dow Theory, is flashing a bearish warning for investors. The Dow Jones Transportation Average has dropped 19% from its peak, nearing bear-market territory, while the Dow Jones Industrial Average has fallen 9.3% from its record high.

This signals a troubling outlook for the broader market, which is already struggling due to economic uncertainty and concerns over tariffs. Recent profit warnings from major airlines like Delta and American Airlines, as well as weak sales forecasts from retailers like Dick’s Sporting Goods and Kohl’s, have deepened investor pessimism.

Experts say this downturn confirms a sell signal, as both indexes have broken key support levels, indicating that the primary trend is no longer upward. While some argue that Dow Theory is outdated in a service-driven economy, technical strategists believe the market is at risk of further declines. Read More.

_{ECONOMIC NEWS}

The 2008 Crash Makers Are Back—And Bigger Than Ever

The SFVegas conference hit a record 10,000 attendees, signaling a resurgence in structured finance. Investors are piling into securitized debt, with $335B in asset-backed securities and $201B in CLOs issued in 2024.

🔹 What’s Driving the Boom?

• Banks step back due to regulations, while KKR, Apollo, and Ares lead private deals.

• Securitization now includes AI infrastructure, car leases, and consumer debt.

⚠️ Warning Signs?
Some fear history repeating, as the last boom ended in the 2008 financial crisis. Read More.