Calm waters churning under surface
Today we highlight how folks are looking for a correction that has already been happening as seen in one of our four key tactical indicators highlighted this morning.
Read MoreToday we highlight how folks are looking for a correction that has already been happening as seen in one of our four key tactical indicators highlighted this morning.
Read MoreThe four major equity indices were mixed last week, although the S&P 500 Index (SPX) inched to an all-time high with a 0.7% gain for the week.
Read MoreStrength in technology stocks and stronger than expected economic data this morning helped the large-cap equity indices shrug off some early weakness and close near the highs of the day.
Read MoreAs evidence the market has been correcting internally as Tony said this morning, the market breadth readings are negative across the board even though the overall market is relatively flat…
Read MoreWithout a doubt, the housing market has been a bright spot during this recovery.
Read MoreMarkit composite PMIs reported out of Europe earlier this morning were generally weaker this month than they were in July, but that wasn’t the case for the U.S. data.
Read MoreWhile so many are focused on the potential for a correction, they are missing the point that throughout this entire week the market has already been correcting.
Read MoreThe major indices opened lower today, and the selling was broad-based at the opening bell.
Read MoreWe closely follow credit conditions to check for signs of stress in the economy.
Read MoreWe continue to believe the market is poised for a brief pullback as the market stair-steps higher like the fall of 2009.
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