Inflation hurting small business confidence
The National Federation of Independent Businesses (NFIB) reported small business confidence contracted for the second month to 95.7 from 97.1 in January (Figure 1).
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 pulled back yesterday with the 2.95% drop in the SPX.
Read MoreEarly Tuesday look
S&P equity futures are trading above Monday's close, amidst a mostly higher session in Europe and a negative Asia overnight.
Read MoreNasdaq closes in bear market territory
Stocks were weak out of the gate and continued to slide throughout the session, closing at the lows of the day.
Read MoreBrief intraday thought given weakness
I don’t really have anything dramatically new to add. We have refrained from making a call to add risk because the intraday moves are very difficult to predict due…
Read MoreMarch Macro Slide Deck- summary
We entered this year expecting tumultuous conditions given the transition of monetary policy, drivers of growth, and geopolitical issues.
Read MoreTactical indicators update
It was a tough week for stocks, with the S&P 500 Index (SPX) closing lower four out of five days and losing 1.27% for the week.
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