SPX closes at the highest level since March 4
The S&P 500 (SPX) closed Friday with a 0.48% gain, wiping out earlier losses and closing at the highest level in 60 sessions.
Read MoreMichigan sentiment showed some improvement from April
The University of Michigan Consumer Sentiment Survey was released at 10am.
Read MoreOffense update
On Tuesday, we made a move to offense as the market broke out of the trading range since early April accompanied by 1) further improvement in credit and 2) led…
Read MoreAfternoon fade ends a three-day win streak for the SPX
The S&P 500 Index (SPX) which had been trading up 1% just before 2:00pm began drifting lower on news that President Trump will be holding a press conference Friday to…
Read MoreTwo factors support being back on offense
On Tuesday morning, we got back on the offensive via a tactical call into Value, Banks, and Tanks (Industrials). We had been waiting for signs of a turn in the…
Read MoreClarification on position & some additional thoughts
There was some confusion over our call to go back on offense via tactical rotation into Value, Banks, and Tanks on Tuesday. The main question was are we back on…
Read MoreAAII bearish sentiment declined for the third week
After hitting a seven year high the first week of May, bearish sentiment has declined each week since.
Read MoreInitial and Continuing Jobless Claims both declined
For the eighth week, the number of people filing initial jobless claims declined.
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CNBC Closing Bell, 5/27/20: Tony talks about the rotation into Banks and Tanks
Watch Tonys CNBC Closing Bell segment talking about his call for rotation into banks and tanks and how it played out yesterday.
Read MoreSPX climbs back above 3000
“Banks and tanks” helped the S&P 500 Index (SPX) close back above 3000, as well as the 200-day moving average for the first time since early March.
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