Defensives beat tech by 6.4 points. Is that bearish?
22 past events: median next-month SPY +1.4%, versus +1.4% for all eligible days.
Read edition →THENPATH WEEKLY
Market stories.
Historical perspective.
Explore price-path Rhymes, the economic backdrop, sector rotation and the questions moving markets. Markets don't repeat. They rhyme.
Oracle Is Rhyming With 2001. The Business Story Is Completely Different.
The historical path rebounded +4.2% over the next month, then stood -31.1% after three months. Oracle’s 2026 path looks similar—but the operating pressures behind it are nearly inverted.
Read edition →Palantir Is Rhyming With Its Own AI Breakout
Palantir’s latest 90 trading days have a 91.9 Rhyme Score with the stretch ending June 24, 2025—another violent selloff followed by an earnings-era repricing.
Read edition →Bitcoin’s Closest Rhyme Begins in the Shadow of FTX
Bitcoin’s latest 90 daily observations have a 97.1 Rhyme Score with the stretch ending February 23, 2023—a rebound through crypto-specific stress and continued Federal Reserve tightening.
Read edition →JPMorgan Chase’s Closest Rhyme Ends Before the Fed’s 2004 Pivot
JPMorgan Chase’s latest 90-trading-day path has a 95.6 Rhyme Score with the stretch ending April 20, 2004—a merger-era climb that ran into a changing rate regime.
Read edition →Bank of America’s Closest Rhyme Ends Just Before the 2020 Shock
Bank of America’s latest 90-trading-day path has a 95.7 Rhyme Score with the stretch ending February 3, 2020. The historical continuation shows how quickly the backdrop changed.
Read edition →Microsoft’s 2026 Path Has a 93.3 Rhyme With the Summer of Windows 98
Microsoft’s last 90 trading days most closely resemble a stretch ending August 3, 1998. What happened next was anything but a straight line.
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