US equities lower on less upbeat Q2 earnings results
The four major indices in Figure 1 all traded lower today with the S&P 500 (SPX) down -0.53%. The attention today was on slightly disappointing earnings as well as…
Read MoreThe four major indices in Figure 1 all traded lower today with the S&P 500 (SPX) down -0.53%. The attention today was on slightly disappointing earnings as well as…
Read MoreAt the ECB Press Conference today, the Governing Council decided to keep key ECB interest rates unchanged, but have taken a strong dovish pivot in terms of guidance. They…
Read MoreBearish individual investor sentiment rose back above bullish sentiment in the latest poll.
Read MoreMarkit’s preliminary US PMI report showed business activity in the manufacturing sector remained stagnant in July with Manufacturing PMI dropping to 50 in July from 50.6 in June. This…
Read MoreFor the month of June, sales rose 7.0% m/m, to a 646k annual rate.
Read MoreBullish newsletter writer sentiment declined after six weeks of gains.
Read MoreLower mortgage rates did not provide a boost to existing home sales in June.
Read MoreI think this link from last night’s CNBC “Fast Money” show nicely captures our near-term pullback call followed by a more significant intermediate-term advance toward our S&P 500 (SPX)…
Read MoreThe S&P 500 (SPX) finished up +0.28% today and was mostly carried by the Info. Tech. sectors which saw upside from semis. It was a very quiet sessions as…
Read MoreIn our note last week, Time for a pullback, we outlined the recent new highs and overbought conditions in the market that suggested to us that a minor correction…
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