The electric slide
Utility stocks have long been considered a “bond proxy” due to their historically high dividend payouts and generally stable returns, similar to a bond.
Read MoreThere needs to be more than oversold
Earlier this week in The Fed's zombie has Goldilocks on the run, we highlighted how 3 of our 4 key tactical indicators were at/near levels suggesting a temporary stabilization…
Read More4 key tactical indicators closing levels
Stocks were weaker across the board yesterday, and the S&P 500 Index (SPX) declined 1.47%, its fifth decline in the last six sessions. Here is an update on our…
Read MoreEarly Wednesday look
S&P equity futures are trading above Tuesday’s close. Asian markets were mostly higher overnight with Greater China outperforming despite continued property market concerns. European markets currently are mixed.
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Sales of new homes down in August
New home sales declined more than expected in August, but there was an upward revision to the prior month’s data.
Read More4 Key tactical indicator closing levels
Here are the closing levels for our four key tactical indicators over the past five sessions:
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