Tuesday tactical indicator update
It was a solid week for stocks, with all four benchmarks rallying over 1%.
Read MoreEarly Tuesday look
S&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 MoreAlmost done with Q2 earnings
Here 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 MoreAugust unemployment rate rose to 3.8%
Although more jobs were added than expected, the unemployment rate rose to the highest since February 2022, which is what investors are focusing on.
Read More4 key tactical indicators closing levels
Most 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 MoreEarly Friday look
S&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 MoreSPX breaks a five-month win streak
The market tried to end August on a positive note, but the major indices ended mostly lower (Figure 1).
Read MoreClear as mud- summary
Our key driver to become more fundamentally positive is a significant drop in rates.
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