Manufacturing slumps further, although still in expansion territory
The Institute for Supply Management (ISM) reported that its measures for manufacturing, prices paid, new orders, and employment all fell more than expected in June.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages diverged slightly with yesterday’s 0.88% loss in the SPX.
Read MoreStocks ended June on a sour note
Stocks were weak from the start, and the S&P 500 Index (SPX) opened lower for the first time in six sessions.
Read MoreBearish sentiment slips
Retail investors were less pessimistic about the market outlook, but there are still more than twice as many bears as bulls.
Read MoreReal personal spending declined in May for the first time this year
May inflation data was released today, and the Fed’s favorite gauge, the core PCE y/y, cooled to the slowest pace since November.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages moved lower with yesterday’s 2-point decline in the SPX.
Read MoreEarly Thursday look
S&P equity futures are trading well below Wednesday's close, amidst a sharply negative session in Europe and a lower Asia overnight.
Read MoreMixed market
It was a choppy market, with the large-cap indices flipping between positive and negative territory throughout the day.
Read MoreVideo – Our view is the same as we exit Q2
In this video, we graphically look at what is driving our tactical and fundamental views. Today Fed Chair Powell was asked if they might overshoot on rate hikes. He…
Read MoreQ1 GDP contracted 1.6%
The third and final report for GDP was released this morning, showing that the first quarter GDP contracted a little more than expected.
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