Rev Shark Lifts Cash to Nearly 50% as April CPI Looms at 3.7%
Updated
Updated · TheStreet · May 12
Rev Shark Lifts Cash to Nearly 50% as April CPI Looms at 3.7%
2 articles · Updated · TheStreet · May 12
Cash levels are now near 50%, with Rev Shark saying record highs mask a market that lacks broad momentum and offers poor risk-reward outside a narrow semiconductor rally.
Nearly 250 stocks hit new 12-month lows even as the S&P 500 closed at a fresh record, underscoring weak breadth and what he called deteriorating action under the surface.
April CPI due at 8:30 a.m. ET is expected at 3.7% year over year and 0.6% month over month; a core reading above 0.3% could signal broader inflation pressure and complicate Fed rate cuts.
Oil is pressing toward $100 as the U.S.-Iran standoff drags on, adding to volatility ahead of Thursday's Trump-Xi summit in Beijing and raising the risk of sell-the-news moves in extended chip names.
Rather than turn outright bearish, he said he is raising cash on strength, keeping stops tight and waiting for better rotation before redeploying capital.
Is raising cash now a brilliant move to protect gains, or a costly mistake that misses the market's next surge?
With the S&P 500 at record highs while most stocks fall, is the market signaling a new normal or an imminent correction?
As the US-Iran stalemate paralyzes a vital oil artery, what is the ultimate breaking point for the global economy?