Robert Prechter

"The market has a life of its own. It is mass psychology that is registering."

#Socionomics in action.

Something has to give. There is a huge divergence in U.S. job openings vs. the stock market.

Global stocks = the new trade. In the week of January 28, flows into combined world equity mutual fund and ETFs hit a record $14.9 billion. The red arrow shows the prior record, a $13.7 billion deluge the week of January 10, 2018. What does it mean now? FREE - Read the entire March issue of Global Market Perspective during our State of the Global Markets event. ow.ly/ZCQP50Yyk4w

Rule nothing out - the U.S. can default on its debt. The chart shows that, having already been on a rising trend perhaps in anticipation of events, the cost of insuring against a U.S. sovereign default over the next five years has risen by 20% since the war started, with the 5-year CDS rising from 31-basis points to 37. We have been forecasting higher bond yields for some time and that trend now seems to be getting going.

Struggling to set price targets? This simple tool can help! The Elliott wave channel helps define where trends may end - especially waves 4 and 5. Here's the setup: • Connect waves 2 and 4 • Draw a parallel line from wave 3 Wave 5 often terminates near that upper line. Get more free insights and trading tips: ow.ly/8BUs50YvRBj

Another warning sign is emerging in credit markets. Junk bond spreads have surged from 2.50% in January to above 3.00% in just weeks — a 24% jump. They’re now at their widest level in nearly a year. See 18 Flashing Red Signals - FREE. ow.ly/1hKi50YvumE

Buyers are disappearing. Pending home sales just hit a generational low - a "key leading indicator" according to the National Association of Realtors. Prices haven’t followed... yet. How long can they hold up? See all 18 warning signals in our updated free report: “The Most Dangerous Market in History?” ow.ly/WYjX50YvR5m

When the world feels like it's breaking apart, the cause isn't "events." It's mood. Angry people make war. Cautious people make recessions. The market is the mood ring. And in real terms, it's been trending down since 1999. Stay safe out there.

Crowds ignore new markets. Then they chase them. Then they're shocked by volatility. Crypto followed that pattern almost perfectly. We documented Bitcoin in 2010 - before ETFs, institutions, and "digital asset" hype. Now, after a 50% drop since October, investors are asking a familiar question: Is this a temporary shakeout... or part of a larger shift? Our February Theorist revisits crypto's full wave structure to frame what may be unfolding now. Get Prechter's full analysis inside. ow.ly/AIsM50YkkLo

🚨BofA’s Indicator is screaming 'SELL' stocks: The BofA Bull & Bear Index hit 9.3 points and is now at one of the highest readings on record. Historically, with the indicator this high, the median “max drawdown” over the following 3 months was -4.3% for the MSCI All-Country Index (ACWI), -5.5% for the S&P 500, and -8.6% for the Nasdaq. This comes as most metrics within the indicator are in bullish or very bullish territory. The market may be bracing for some turbulence ahead.

Look at this $EUR setup. When large specs pile in on one side... and insiders quietly lean the other way... The trend traders are usually caught in large wrong-way bets. Don't follow the crowd, get insights that matter: ow.ly/ZwjO50Yke97

In March 2024 we warned that there was "...evidence that another stock market leader is susceptible to an imminent reversal..." in relation to Novo Nordisk. The stock peaked in June 2024 and declined 71% into November 2025, with a massive expansion of volume into that low.

We have reported that margin debt at brokerage firms and the ratio of margin debt to cash reserves in brokerage accounts are both at all-time highs. Borrowing money via repurchase-agreements (repos) to gamble in financial markets has been increasing rapidly, too. As you can see in the chart, repo activity through the Fed was negligible through mid-September 2025, but in the past four months, it has soared.

🚨 Promise > profits. Unprofitable Russell 2000 stocks (40%+ of the index) are up 36% in 2025 - more than double the index’s 17% gain. Our Financial Forecast breaks down the implications for investors and traders: ow.ly/p8kJ50Yhg88

When you measure stocks in real money, the picture is brutal: • U.S. stocks: ~75% decline since 1999 • European stocks: nearly 88% down since 2000 Want to see what's next for stocks? Read Robert Prechter's January Theorist - Free: ow.ly/RiVc50YfpmW

🚨 Investor sentiment flashes a warning When consumer staples outperform discretionary, history shows investors are moving into risk-off mode. Here’s what happened the last two times: • Nov 2021 – Oct 2022: Nasdaq −38% • Feb 2025 – Apr 2025: S&P 500 −21% Get free market insights to help you stay in front of market moves. ow.ly/4Ivi50YgMV5

Junk bonds are riskless! At least, that's what the market thinks. The spread between yields on junk bonds and Treasury bonds has fallen to the lowest level since 2007, which was at the pinnacle of a financial mania that led immediately to a plunge in stock prices and housing prices, a disaster in mortgage values and a contraction in the economy.

A BlackRock private-credit fund just disclosed a 19% drop in investment value - and the stock is now near its 2020 lows. Health of the private equity industry is questionable at best. Get free, objective insights in Wave Break - and learn how to navigate what’s next with Elliott waves. ow.ly/KHbb50Ye228

Global debt keeps climbing. $290 billion in 1960 ➡️ $38.5 trillion today "The path is unsustainable..." See how this fits into the larger market outlook: ow.ly/gHqr50YcSzy