Updating S&P 500 target to start the week
The market is likely to remain in a period of consolidation marked by increased volatility (in both directions) as it (1) digests the historic gains off the COVID-19 low, (2)…
Read MoreThe market is likely to remain in a period of consolidation marked by increased volatility (in both directions) as it (1) digests the historic gains off the COVID-19 low, (2)…
Read MoreIn this afternoon’s post, Tony highlighted the main drivers behind today’s weakness.
Read MoreThere are a few factors in play that are adding to the weakness today:
Read MoreThe market is getting hit on the back of increased cases of Covid-19, as well as pressure on the Banks given the Fed’s stress test announcement last night and restriction…
Read MoreAfter a record surge in April, Personal Income fell -4.2% in May.
Read MoreThe S&P 500 Index (SPX) spent most of the session swinging between gains and losses, until a rally in the last hour sent the index up 1.1%.
Read MoreI wanted to post a brief video discussion of how we want to act as consolidation plays out.
Read MoreBullish sentiment among AAII members declined for the third week, with an increase in bearish sentiment.
Read MoreWith a big drop in yesterday's market, watch here as Tony speaks with CNBC Fast Money.
Read MoreThe number of people filing initial jobless claims continues to trend lower, but the decline was less than expected.
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