Looking under the hood of SPX
The S&P 500 (SPX) continues to hold up very well despite some indication below the surface that offense has already started to come off the field. We neutralized our market…
Read MoreCredit indicators update
Since the initial inversion in the spread between the U.S. Treasury 2-year yield and the 10-year yield last August, we closely monitor credit conditions for an indication that a recession…
Read MorePulling in the horns…for now
We are reducing our market and offensive sector views from positive to neutral given the extreme overbought condition and high level of optimism toward equities, especially in the Information Technology…
Read MoreCredit indicators update
Since the initial inversion in the spread between the U.S. Treasury 2-year yield and the 10-year yield last August, we closely monitor credit conditions for an indication that a recession…
Read MoreIT sector and EPS reinforce sticking to game plan
There has been nothing in either the tactical or fundamental data to suggest we take a different approach from our current plan. The market continues to be in an extreme…
Read MoreMonday tactical indicators update
The S&P 500 Index (SPX) continued to climb higher last week and gained an additional +0.94%, setting a new weekly closing high. The index has now moved higher in 12…
Read MoreJanuary Macro Slide Deck
As highlighted in Flying Smart, the market has been ripe for a correction, and the escalating Iranian conflict certainly offers a potential catalyst. Unfortunately, corrections only feel natural, normal, and…
Read MoreThe ADP jobs report knocked the cover off the ball
The ADP employment report ended 2019 on a high note as companies add the largest number of workers in eight months in December.
Read MoreU.S. Services sector improved in December
The ISM Non-Manufacturing Index was reported at 10am and it showed improvement in December.
Read MoreFlying smart
When you are flying a plane, the entire experience is weather-risk assessment that takes two forms. When it is perfectly clear out, you look for pilot reports for areas of…
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