Tuesday tactical indicator update
It was a solid week for stocks, with all four benchmarks rallying over 1%.
Read MoreIt was a solid week for stocks, with all four benchmarks rallying over 1%.
Read MoreS&P equity futures are trading below Friday's close amidst a mixed to lower session in Europe and a mostly negative close in Asia overnight.
Read MoreHere is where we stand on the current S&P 500 Index (SPX) operating earnings estimates now that 497 companies (99.4% of SPX) have reported (Source: LSEG I/B/E/S):
Read MoreAlthough more jobs were added than expected, the unemployment rate rose to the highest since February 2022, which is what investors are focusing on.
Read MoreMost of our key tactical indicators moved a little bit lower with yesterday's minor 0.16% loss in the S&P 500 Index (SPX).
Read MoreS&P equity futures are trading above Thursday's close amidst a positive session in Europe and Asian shares ending higher overnight (Hong Kong closed for a typhoon warning).
Read MoreThe market tried to end August on a positive note, but the major indices ended mostly lower (Figure 1).
Read MoreOur key driver to become more fundamentally positive is a significant drop in rates.
Read MoreRecent market volatility has retail investors close to evenly divided on what the stock market will do over the next six months.
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