Historical May sector performance
Since 1990, the S&P 500 Index (SPX) has had an average gain of 1.09% in May and has been positive 21 out of the past 29 times. Consumer Staples,…
Read MoreConsumer confidence improved in April
The Conference Board reported the Consumer Confidence Index improved in the latest survey. For April, Consumer Confidence rose to 129.2 from an upwardly revised 124.2 in March.
Read MoreThe cause for pause
Although our fundamental core thesis remains positive, given a backdrop of low inflation, the dovish Fed pivot, a re-steepening yield curve, slowing but positive growth, better-thanexpected EPS, and valuation…
Read MoreThe elusive 2,940 is bested
The S&P 500 Index (SPX) set two new closing high last week, and came oh so close, but failed to surpass the intraday record high of 2,940 on…
Read MoreYield curve steepening is helping financials
The yield curve as measured by the difference between the 2-year U.S. Treasury note yield and the 10-year U.S. Treasury Bond (known as the 2-10 spread) is steepening…
Read MoreLittle change in incomes and but spending surged in March
Personal Income rose a tepid 0.1% in March, down from 0.2% in February and well below the 0.4% estimate. Despite the slower income growth, there was a surge in…
Read MoreTactical indicators update
Despite last week’s 1.2% gain, which pushed the S&P 500 Index (SPX) to a new closing high (but not an intraday high) our four favored tactical indicators remained little…
Read More1st quarter GDP well ahead of expectations
This morning we got the advanced reading on Gross Domestic Product (GDP) for the 1st quarter of 2019.
Read MoreBond pet peeve
A big pet peeve for me is when folks generalize a huge asset class and then suggest it is sending investors some kind of message.
Read MoreFewer retail investors bullish on the market
The Investors Intelligent report yesterday, showed that despite the recent market gains, there was a decline in the percent of newsletter writers that were bullish on the market.…
Read More