Utilities testing breakout
While the S&P Utilities sector has been a laggard this year, it is quietly making a new all-time high today.
Read MoreWhile the S&P Utilities sector has been a laggard this year, it is quietly making a new all-time high today.
Read MoreIt is a light week for economic data and the only report out today is existing home sales.
Read MoreTechnology stocks dragged the market lower today as several U.S. companies announced compliance with Trump administrations restriction to supply hardware to a major Chinese provider of networking gear.…
Read MoreAll four intermediate-term indicators continue to work off overbought levels. Equity futures are starting off the week on a negative note. Following two weekly declines for the S&P 500…
Read MoreThe University of Michigan Consumer Sentiment Survey was released at 10am and the three components of sentiment all moved higher in May.
Read MoreWith just 40 companies in the S&P 500 Index (SPX) left to report Q1 earnings, we wanted to updated the current SPX operating earnings estimates (Source: I/B/E/S data from…
Read MoreThis morning, the Commerce Department reported data on Housing Starts and Building Permits.
Read MoreThis morning, the Commerce Department reported data on Housing Starts and Building Permits.
Read MoreNot surprisingly, the recent market volatility has led to fewer individual investors bullish on the market.
Read MoreWe continue to believe the whole bull story for the equity markets is the weaker economic data. The S&P 500 (SPX) suffered a 5% correction from peak based on…
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