The 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…
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