Today has a “risk-off” feel
Even though the S&P 500 (SPX ) is only down a little today, the inter-market action reinforces our view the market is ready to consolidate and rest. Treasury yields are…
Read MoreEven though the S&P 500 (SPX ) is only down a little today, the inter-market action reinforces our view the market is ready to consolidate and rest. Treasury yields are…
Read MoreThe National Federation of Independent Businesses (NFIB) reported small business confidence improved in May.
Read MoreAlbeit by less than two points. A late day push higher sent the S&P 500 Index (SPX) up 1.2%, closing at 3232.
Read MoreDirectly from the Federal Reserve this afternoon… The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to…
Read MoreOn Friday afternoon, we noted the current level of the market is a Natural place to rest. In my view, there has been two separate themes since the 03/23 low. …
Read MoreThree consecutive weeks of gains in the S&P 500 Index (SPX) have moved some of our tactical indicators into overbought territory.
Read MoreThe 2.5 million jobs added in May (the largest one-month gain on record) sent stocks soaring.
Read MoreWith 30 minutes of trading left in the week, the market is holding on to strong gains across the board. Every sector is trading higher.
Read MoreOn May 26th, we adopted an offensive position due to (1) the continued improvement in our key credit metrics, (2) rotation into the areas that benefit from an economic reopening,…
Read MoreEconomists were way off on their estimates for the May the jobs data.
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