Together with Wall Street Favorites

Before we begin, a quick reminder below —

Wall Street Favorites is a stock research platform that ranks hundreds of stocks daily using a blend of analyst price targets, institutional data, and technical signals — all in one dashboard.

It simplifies decision-making by turning complex data into actionable rankings across multiple lenses like upside potential, momentum, and conviction score. The platform also tracks “smart money” by analyzing thousands of institutional filings, helping investors see where hedge funds and top managers are allocating capital.

In short, it’s built to help investors quickly identify high-conviction opportunities using the same data Wall Street professionals rely on — without the guesswork.

A quick breakdown — in case you don’t have the time.

Generally weak market breadth signals a “fragile” market rally.

The S&P 500 just hit an all-time high — but under the surface, participation is extremely weak. Only 2.4% of stocks in the index made a new 52-week high alongside the move, the lowest reading out of 792 instances of new highs since 1998. For context, the historical average sits closer to ~13%, with a median around ~12.5%.

This type of divergence is a classic market breadth warning sign. When fewer stocks are driving the index higher, it typically means gains are being concentrated in a small group of mega-cap names rather than supported by the broader market. That kind of narrow leadership can work for a period of time — but it often signals a more fragile underlying trend.

We saw similar dynamics play out in past cycles, where speculative or high-beta names rolled over first, followed later by the broader indices. It doesn’t guarantee an immediate selloff, but it does suggest risk is rising beneath the surface, even if headline indices look strong.

👉 Episode 166: Investments We’d Never Make Again

In this week’s Monday-morning episode of the Rich Habits Podcast (linked here) — Austin and Robert get brutally honest about their biggest investing mistakes… and the lessons that cost them serious chunks of change.

From failed startups to penny stocks to real estate misfires, this episode breaks down what went wrong — and how to avoid making the same (very expensive) decisions.

Here’s what they covered…

The bigger message: investing mistakes are inevitable — but they’re only valuable if you learn from them. The real edge isn’t avoiding losses entirely… it’s building a framework that helps you avoid the same mistakes twice.

👉 Q&A: Millionaire w/o a Bridge Account, Advice for Entrepreneurs, & 100% 401(k) Match w/ NO Limit

Here’s a link to the Q&A episode that was posted this morning.

You can submit questions for these episodes by asking them inside of the Rich Habits Network, replying to this email, or sending us a DM on Instagram.

The Rich Habits Podcast is available on Spotify, Apple, iHeart, YouTube, and wherever else you get your content!

You don’t need to fear all-time highs in the market.

One of the biggest mental hurdles for investors is deploying capital when the market is at all-time highs — it feels like you’re buying the top.

But historically, that fear hasn’t been justified.

Data shows that returns after investing at all-time highs are nearly identical to investing on any other day. One-year forward returns average ~8.4% vs. 9.4% on normal days, while 3-year and 5-year returns are also very similar. In other words, markets tend to hit new highs because they’re in uptrends — not because they’re about to collapse.

The reality is simple: most all-time highs are followed by more all-time highs over time. Avoiding the market just because it’s at a peak often leads to missed compounding opportunities.

Consumer spending is cooling, as earnings reports continue to roll in.

Real personal consumption expenditures — the backbone of the U.S. economy — are starting to show signs of slowing. The 3-month annualized growth rate has dropped to just 0.8% through February, a notable deceleration from prior trends.

While this isn’t signaling a recession yet, the direction matters. Slowing consumption can begin to pressure corporate earnings, particularly for consumer-facing businesses, and may ripple into broader economic growth if the trend continues.

We should get much clearer insight soon. With more than 40% of the S&P 500 reporting earnings next week — management commentary around demand, pricing power, and consumer behavior will be critical in confirming whether this slowdown is temporary — or something more structural.

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Disclaimer: This is not financial advice or a recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Disclosure: This content is sponsored by NEOS Investments. The creator is compensated by NEOS to discuss NEOS ETFs. This content is for informational purposes only, and is not personalized investment, tax, or legal advice, and does not constitute an offer to buy or sell any security. Investing involves risk, including possible loss of principal. Before investing, carefully review the NEOS ETFs prospectus at neosfunds.com.