Stocks claw their way back— major indices close with a gain
The S&P 500 Index (SPX) which fell 1.2% after the open and spent most of the session in negative territory, managed a late-day push higher and closed with a 0.4%…
Read MoreThe S&P 500 Index (SPX) which fell 1.2% after the open and spent most of the session in negative territory, managed a late-day push higher and closed with a 0.4%…
Read MoreMonday observation – this EPIC battle between monetary policy and fiscal stimulus vs. negative economic and EPS releases is raging exactly where one would expect – right where the Fed…
Read MoreWatch Tony tonight, discussing our view on what credit is messaging toward equities and the economy.
Read MoreWith only a 6-point decline in the S&P 500 Index (SPX) last week, there was not much change in our four favorite tactical indicators. Below are the levels our indicators…
Read MoreThe market reversal this morning could be important from one standpoint – throughout the morning the credit metrics we have been highlighting have held steady, even when there was weakness…
Read MoreGood morning everyone. Looks like the S&P 500 (SPX) futures are down less than 1% so far this morning due in part to Warren Buffet’s comments over the weekend announcing…
Read MoreMega-cap stocks dragged down the broader market today. The S&P 500 Index (SPX) gapped lower by 1.5% and continued lower closing with a 2.8% loss.
Read MoreBut it was still pretty bad. The Institute for Supply Management (ISM) reported its manufacturing index fell to 41.5 in April from 49.1 in March.
Read MoreSomething to pay attention to is the close proximity to the high of 2818 on 04/09, the day the Fed announced the willingness to buy some areas of Municipal and…
Read MoreApril was as historic as March with the S&P 500 (SPX) up 12% following the epic crash in March. The action came despite horrific economic and EPS news, showing how…
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