Bearish sentiment back above 50%
The American Association of Individual Investors (AAII) reported more than half of retail investors are again negative about the market direction over the next six months.
Read MoreInitial jobless claims highest in 24 weeks
The number of applications filed for initial jobless claims rose a little more than expected, to the highest level since mid-January.
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 0.36% gain in the SPX. The % of stocks…
Read MoreEarly Thursday look
S&P equity futures are trading modestly above Wednesday's close, amidst a positive session in Europe and a higher Asia overnight.
Read MoreSPX 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.…
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