Spilled Coffee

Spilled Coffee

Is This Anything?

When market charts and economic data both turn bearish, how I'm thinking through what comes next

Eric Soda
Feb 18, 2026
∙ Paid

This weekend I wrote about some bearish stock market data in my Investing Update: Bearish Data Emerges. Since writing it, more data has come to light. It also isn’t just market data but new economic data as well.

It’s been a while since we’ve seen both stock market technicals and economic indicators flash bearish signals at the same time.

Let me walk you through what I’m seeing and why it has my attention.


This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Spilled Coffee LLC · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture