6/5/19 Market Recap: A 200-point rally on the back of the defensive sectors
Today’s rally capped off a strong oversold rebound from the recent correction with a two-day S&P 500 (SPX) gain of nearly 3%.
Read MoreToday’s rally capped off a strong oversold rebound from the recent correction with a two-day S&P 500 (SPX) gain of nearly 3%.
Read MoreAfter a surge in payrolls in April, the May report was a stinker.
Read MoreStocks ripped higher today and pushed the Dow Jones Avg., S&P 500, Nasdaq and Russell 2000 up over 2%, the best one-day performance for each since Jan. 4th.
Read MoreAccording to the Association of Individual Investors (AAII), the allocation to bonds rose to the highest level since April 2013, last month.
Read MoreThe Institute for Supply Management (ISM) reported manufacturing slowed again in May to the slowest pace in 31 months.
Read MoreWhen you have extreme overbought and high optimism where everyone is on the same side of the boat, it sets the stage for a market correction. The increased trade…
Read MoreThe final reading for the May University of Michigan Consumer Sentiment Survey was released at 10am and as we expected, sentiment wasn’t quite as rosy as the initially reported.…
Read MorePresident Trump has proposed placing scaling tariffs on Mexico to stem the flow of illegal immigration. The tariffs are to begin with 5% on June 10 and scale to…
Read MoreThe Association of Individual Investors (AAII) reported the low level of bullish sentiment we saw last week remained basically unchanged this week.
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