A brief thought on the weakness
I wanted to give a quick update on our shortest-term tactical indicators: (1) the percentage of SPX components above their 10-day moving averages, and (2) the 10-day rate-of-change on…
Read MoreI wanted to give a quick update on our shortest-term tactical indicators: (1) the percentage of SPX components above their 10-day moving averages, and (2) the 10-day rate-of-change on…
Read MoreIf the hotter inflation report wasn’t bad enough for stocks, at 10am, the Michigan Sentiment report plunged to a record low.
Read MoreThe May CPI report led to a large sell program in stocks at the market open.
Read MoreToday’s inflation data was worse than consensus expectation and the futures are responding in kind. Today’s early activity reinforces a few thoughts:
Read MoreMay inflation data was hotter than expected across the board, with the headline y/y reading hitting a fresh 40- year high.
Read MoreThe percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages dropped with yesterday’s 2.38% decline in the SPX.
Read MoreS&P futures are trading below Thursday's close amidst widespread losses in Europe and across Asia (except for China). Market participants await the May CPI report at 8:30 ET as…
Read MoreThe day started out ok, with equity futures trading higher in the pre-market.
Read MoreIn this short video, we take a quick look at the current positioning of our four key tactical indicators as the markets digest the ramp off the May low…
Read MoreIn this short video, we discuss the drivers of any further near-term upside and the ultimate issues macro issues the market has to overcome…
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