April performance table
Historically, April has been one of the stronger months of the year for S&P 500 Index (SPX) performance. That certainly wasn’t the case this year, with the SPX falling…
Read MoreMid-Q1 EPS update
This past week was the busiest week of the season for Q1 earnings, with 176 S&P 500 companies having reported EPS over the past five days.
Read MoreVideo – Summing up our view
This is a tumultuous environment that is likely to stay that way for the duration of the year. Although there should be opportunities for a bounce along the way…
Read MoreInflation data reinforces the Fed is in a box
The report on Personal Consumption Expenditures (PCE), which the Federal Reserve uses for its inflation projections, showed the headline PCE y/y reading increased to a new 40-year high in…
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 increased for the second session with the 2.47% rally in the SPX yesterday.…
Read MoreTGIF early look
S&P equity futures are trading below Thursday's close, amidst a higher session in Europe and a positive Asia overnight.
Read MoreStrongest rally for the SPX in seven weeks
A rebound in high growth/ high multiple stocks helped drive the market higher.
Read MoreSentiment measure reinforces playing footsie – for now
In yesterday’s video note, we highlighted that our tactical indicators (while not perfect) and negative sentiment suggest investors dip their toes back into the market in anticipation of an…
Read MoreThe U.S. economy contracted in the initial Q1/22 estimate
The Bureau of Economic Analysis (BEA) reported its initial estimate of Gross Domestic Product (GDP) for the first quarter of 2022, and it showed the economy unexpectedly contracted.
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