The Insider Report: Are Bulls Allowed to Ever Rest?

Benzinga_recent_news10-02

Bulls finally took a breather last week, and despite hitting new all-time highs across the board, stocks finished lower. The Nasdaq was down the most, as it sold off 0.65%. The S&P 500 was down 0.31%,...

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The S&P 500 was down 0.31%,...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/25/10/47979078/the-insider-report-are-bulls-allowed-to-ever-rest\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Insider Report: Are Bulls Allowed to Ever Rest?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Insider Report: Are Bulls Allowed to Ever Rest?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-02 02:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/Opinion/25/10/47979078/the-insider-report-are-bulls-allowed-to-ever-rest><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bulls finally took a breather last week, and despite hitting new all-time highs across the board, stocks finished lower. The Nasdaq was down the most, as it sold off 0.65%. The S&P 500 was down 0.31%,...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/25/10/47979078/the-insider-report-are-bulls-allowed-to-ever-rest\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://www.benzinga.com/Opinion/25/10/47979078/the-insider-report-are-bulls-allowed-to-ever-rest","article_id":"2572755172","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/10/01/fed-ai8.png?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/Opinion/25/10/47979078/the-insider-report-are-bulls-allowed-to-ever-rest","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2572755172","pubTimestamp":1759343100,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Bulls finally took a breather last week, and despite hitting new all-time highs across the board, stocks finished lower. The Nasdaq was down the most, as it sold off 0.65%. The S&P 500 was down 0.31%, while the Dow Jones Industrial Average was down 0.15%. Crypto also saw some major liquidations, but attempted a comeback on Friday. A lot of the price action we're seeing can be construed as end-of-month and end-of-quarter rebalancing. Energy was the top-performing sector last week, which showed the near-term exhaustion in stocks. I don't expect it to last very long.The second quarter GDP was revised up to 3.8% last week, which sends a serious message that the economy is showing resiliency. Within the context of rate cuts, which recently began, we are doubling down on our call for a melt up in stocks.Stocks hit new all-time highs last week, while Treasuries continued their pullback following the Fed's rate cuts from the previous week. This makes it a great time to check in on the ratio be","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","OEF":"标普100指数ETF-iShares","BK4581":"高盛持仓","XLU":"公共事业指数ETF-SPDR","IVV":"标普500ETF-iShares","IEF":"债券指数ETF-iShares Barclays 7-10年","BK4570":"地缘局势概念股","OEX":"标普100","SPXU":"三倍做空标普500ETF-ProShares","BK4585":"ETF&股票定投概念","SH":"做空标普500-Proshares","BK4534":"瑞士信贷持仓","SSO":"2倍做多标普500ETF-ProShares","XLB":"材料ETF","XLK":"高科技指数ETF-SPDR","SPY":"标普500ETF","TIP":"通胀债券指数ETF-iShares Barclays","BK4535":"淡马锡持仓","UPRO":"三倍做多标普500ETF-ProShares","BK4504":"桥水持仓","BK4559":"巴菲特持仓","SDS":"两倍做空标普500 ETF-ProShares","XLE":"SPDR能源指数ETF","BK4588":"碎股","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index"},"translate_title":"内幕报道：多头被允许休息吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SDS":0.6,"XLK":1,".SPX":0.6,"OEX":0.6,"XLB":1,"XLU":1,"UPRO":0.6,"SH":0.6,"XLE":1,"OEF":0.6,"IVV":0.6,"IEF":1,"SPY":1,"MESmain":0.6,"SPXU":0.6,"ESmain":0.6,"TIP":1,"SSO":0.6},"content_text":"Bulls finally took a breather last week, and despite hitting new all-time highs across the board, stocks finished lower. The Nasdaq was down the most, as it sold off 0.65%. The S&P 500 was down 0.31%, while the Dow Jones Industrial Average was down 0.15%. Crypto also saw some major liquidations, but attempted a comeback on Friday. A lot of the price action we're seeing can be construed as end-of-month and end-of-quarter rebalancing. Energy was the top-performing sector last week, which showed the near-term exhaustion in stocks. I don't expect it to last very long.\nThe second quarter GDP was revised up to 3.8% last week, which sends a serious message that the economy is showing resiliency. Within the context of rate cuts, which recently began, we are doubling down on our call for a melt up in stocks.\nNot to mention, earnings estimates aren't decreasing. We're actually seeing strength in earnings too, and the last time we had the Fed cutting into earnings stability, and even expansion, was back in the dot com era.\nThere are some notable parallels between now and the late-90s. Namely, there's an economic productivity theme – AI versus the internet. You had an accommodative Fed as well, and a strong economy. Let's see if this translates to a real bubble.\nI hate to break it to the bears, but seeing fear surge after a pullback that lasts 2-3 days is not emblematic at all of a market bubble. It's also rarely the case that true bubbles form when so many people are calling for it to be \"popping.\"\nPerhaps this is a function of the Age of Information, or social media. But I prefer to think it's just human nature. A lot of people, and professionals too, completely missed the rally up from April, and now they want to blame the market instead of themselves.\nThe thing about bubbles is that they defy logic and reason. You need to have people quitting their jobs to trade. Yes, there are crazy valuations in the market. But guess what? They were even crazier during the dot com days. Buckle up, everyone. This is going to get crazier than you can believe.\nA bit of turbulence crept into the tape last week, but as I like to remind readers periodically, \"When in doubt, zoom out.\" The bigger picture hasn't really changed much, and if anything, we've seen some positive developments recently.\nSince the April 7 low, we're still seeing technology (XLK) outperform the rest of the market by a long-shot. This is the sector that drives index returns the most. There is no debate to be had in that department.\nOne of the notable developments last week was the surge in energy (XLE) above utilities (XLU) and basic materials (XLB). This implies that we need to keep a close watch on the inflation situation, and especially the price of crude oil.\nStocks hit new all-time highs last week, while Treasuries continued their pullback following the Fed's rate cuts from the previous week. This makes it a great time to check in on the ratio between these two assets, using SPY and TLT (long-term Treasuries) as proxies.\nAs a rule, when stocks (SPY) outperform bonds (TLT), the market is in a risk-on mode. In other words, traders and investor will typically be rewarded for taking on additional risk. When bonds (TLT) outperform stocks (SPY), and the ratio falls, it's best to be risk-averse.\nThe ratio has continued to trend higher within the channel over the past few years. It's worth nothing that this ratio failed to work in its traditional manner in 2022, so we need to be aware of this if and when inflation makes a return, since that was the cause of the bear market a few years ago.\nOver the course of recent weeks, I've been sharing what's arguably the most important ratio for the stock market. The tech sector represents over 30% of the index, and simply put, this market lives and dies by tech.\nWe're looking at the ratio between XLK and SPY to compare the two. The ratio has been in an uptrend for years – tech has been outperforming the S&P, and being overweight the sector has rewarded its owners.\nThe major update here concerns the wedge formation we've been monitoring. The ratio just broke out to a new high, and apparently, above resistance of the pattern. This suggests that tech is about to embark on another period of serious outperformance. This is good news for stocks in general.\nFew things have been generating such an emotional response from market participants in recent years as inflation. Many seem to believe that \"money printing\" automatically translates to inflation, but they fail to understand how time factors into the equation.\nTo be clear – I do think inflation will make a return. It's a matter of time, but the thing is that markets can stay irrational longer than we can stay solvent. In other words, constantly betting on an imminent return of inflation when the data isn't supporting it is a fool's errand.\nI like to use the ratio between Treasury Inflation Protected Securities (TIP) against 7-10 Year Treasuries (IEF) as a proxy to measure whether bonds are pricing in more inflation in the near-term or not. As you can see, the ratio has struggled to breakout again in recent years.\nAs long as we see this ratio contained within the symmetrical triangle formation, I'm not looking for inflationary pressures to accelerate. I care about two things when it comes to timing the inflation return: 1). Bonds and 2). Crude oil.\nSo far, neither of them are suggesting that inflation is accelerating. Sure, it's present, but it's nowhere near the issue it was back in 2021-2022. Now, if we see this ratio breakout to the upside, I would be completely fine with changing my tune. Enjoy it while it lasts, and the time to prepare is now.\nTime to revert back to Ethereum this week. There was a bit of turbulence last week in the crypto market, and it also spilled over into stocks. It says a lot about the delicacy of the situation, when everyone is calling for the bull market to turn bearish after every selloff that lasts a few days.\nIt's testing key support in the 4000-4200 zone. If this breaks decisively, it will become resistance, and then a new series of problems will emerge for the bullish case in this market. If anything, it may be another dip buying opportunity.\nIf that breaks, the next support zone would be in the 3200-3300 zone. We're still tracking the triangle formation, which appears to have morphed from a symmetrical triangle into a descending triangle. Still targeting a run up to 5700-5800 in time.\nLegal Disclosures:\nThis communication is provided for information purposes only. \nThis communication has been prepared based upon information, including market prices, data and other information, from sources believed to be reliable, but Benzinga does not warrant its completeness or accuracy except with respect to any disclosures relative to Benzinga and/or its affiliates and an analyst’s involvement with any company (or security, other financial product or other asset class) that may be the subject of this communication. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Benzinga does not provide individually tailored investment advice. 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