In Episode 295 of the Weekly Trend podcast, David and Ian break down the market’s stunning return to new all-time highs, unpacking what the sharp V-shaped recovery means for investors, advisors, and anyone still waiting for a pullback that may never come. They explore the significance of the S&P 500 reclaiming its 200-day moving average, the psychology of chasing strength after a fast rebound, why weak breadth still deserves attention, and how leadership from semiconductors, AI, crypto, and other high-beta areas may be signaling a renewed risk-on environment. The conversation also dives into the limits of narrative-driven investing, the value of technical analysis during fast-moving market shifts, and how their rules-based Adaptive Select ETF responded by moving back into participation after a brief defensive period.

In this week's episode David and Ian discuss the S&P 500 being back above a 200 day moving average, where do you start with reconstructing your portfolio, the strength out of semiconductors and other risk-on areas of the market. They also discuss how software, private credit, Bitcoin, MAGS, and FNGS continue to lag. Other topics discussed are International equities and is the move in oil and energy over?

In this week's episode David and Ian discuss the S&P 500 moving below 6500, continued strength early in the week followed by weakness moving into the weekend, Magnificent Seven and mega-cap tech leading to the downside again, the relationship between energy stocks and oil, international areas holding up well on a relative basis, and what they are seeing in fixed income and commodities.