SPX higher for the third session
After flipping between positive and negative territory, the S&P 500 Index (SPX) closed higher for the third straight session.
Read MoreJune FOMC minutes highlights
No real surprises in the June FOMC minutes, which leaned hawkish as expected with the Fed raising rates by 75 basis points at that meeting.
Read MoreVideo – Preconditions for a bottom remain in place
In this short video we look at the three factors favoring “a” bottom remaining in play...
Read MoreJuly Macro Slide Deck- summary
Still focused on the drivers of “a” bottom vs. “the” bottom.
Read MoreU.S. services sector expanded at the slowest pace in two years
The Institute for Supply Management (ISM) released its Services Index, showing that sector growth was a little stronger than expected, although it was the slowest growth since May 2020.…
Read MoreJuly Macro Slide Deck
Since February, we have been discussing how the Fed is in a box. Their dual mandate of stable prices and full employment focuses on data that works with a…
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, despite yesterday’s 0.16% gain in the SPX.
Read MoreEarly Wednesday look
S&P equity futures are trading marginally below Tuesday's close, amidst a positive session in Europe and a lower Asia overnight.
Read More