Is History Repeating Itself? These Signals Are Concerning

Tom recaps last week’s stock market action, with major indices continuing to hover near all-time highs and internal market signals growing increasingly concerning. He explains how under-performance in growth stocks versus value, and consumer discretionary stocks versus staples, closely mirrors intermarket behavior seen ahead of previous market tops — including early 2025. Tom walks through the key relationships and sustainability ratios that historically weakened before meaningful market pullbacks, highlighting why this type of divergence is not typical during healthy advances. While price action at the index level remains resilient, Tom outlines why history suggests caution and shares the types of trades he believes make sense in this environment.

This video originally premiered on January 15, 2026. Watch it on Tom's StockCharts TV page here.

Missed a session? Archived videos from Tom are available at this link.