Housing Starts and Building Permits rise for the second month
Housing Starts and Building Permits were a little below expectations but were positive for the second straight month.
Read MoreLate day thought
Not much changed thus far today. Cyclicals are outperforming the mega-cap growth names as the market bumps up against resistance. Today we defined what would define the end of the…
Read MoreRetail investor sentiment gets a little more bullish and bearish
As the S&P 500 Index (SPX) has moved up to test the June highs, retail investors became more bullish as well as more bearish on future market direction.
Read MoreWednesday rally
Positive news on a clinical trial for a potential Covid-19 vaccine had investors in an optimistic mood this morning.
Read MoreRotation into industrials
There has been some significant rotation into industrial stocks over the last few days.
Read MoreBullish newsletter writer sentiment moves even higher
As equities continue to climb higher, so does bullish sentiment.
Read MoreSharp increases in Empire manufacturing
The Federal Reserve Bank of NY reported the Empire State Manufacturing Index surged to the highest level since November 2018.
Read MoreEarly losses turned into gains
The four major equity indices reversed early declines and ended at the highest level of the day.
Read MoreConsumer prices rise in June after falling in the prior three months
The Consumer Price Index (CPI) was a little hotter than expected in June.
Read MoreMarket doesn’t seem to be moving on Covid-19 right now
According to ABC-6 News, Philadelphia is banning large public events through 02/2021. I believe the consolidation in the average stock and huge outperformance of the “stay-at-home” theme since June 5th…
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