Bears Yield

The Week Ahead 5/25/26

Last week ended with reaching new highs and over the weekend we have seen the news of an Iran Peace Deal which quickly had Futures hit new highs as well. Since then there has been some news of US Military attacks in Southern Iran and the market has pulled back a bit but regardless this week will be key to see if the market has a successful retest of the previous highs.

S&P is up eight straight weeks and the Nasdaq hit some key technicals that often bring a pause (flat average over 3 months)

Despite Tech running a bit hot here, we just saw massive inflows last week into the sector.

Last time we saw inflow like this? October 2025 where we saw a decent correction.

We also entered the Warsh era in the market as he was sworn in as the new Fed Chair. In the past this often brings an average drawdown of >15% in the 1st 6 months. This is something top of mind for me as we head into the summer months where Q2-Q3 seasonality is the weakest window of the Mid Term Year Cycle.

Earnings this week include ZS (One of our Software Mortal Kombat names), PDD, Salesforce (Another SMK name), and Sentinal One.

Speaking of Sentinal One, cybersecurity has really come on strong of late, watch for consolidation to buy on pullbacks.

What I’m Watching (Korea, Precious Metals, and Yields)

The Korean Market has been beyond euphoric with citizens taking out life insurance policies to lever up exposure into Memory stocks, now that the Samsung strike is resolved and China begins pushing to compete in the memory space I believe it just needs a spark to pop the bubble we are seeing in the KOSPI / EWY index’s. That spark might be here soon.

Bank of Korea – May 28 Policy Meeting

The Bank of Korea’s Monetary Policy Committee is scheduled to convene on May 28. This meeting is notable as it will be the first presided over by the newly appointed BOK Governor.