Best week for Consumer Staples in almost 7 years
There was a wide divergence between the performance of the S&P 500 Consumer Discretionary (CD) and Consumer Staples (CS) Sectors this week.
Read MoreThe bottom process usually feels awful
Over the past 60 years and through seven economic cycles, we have found that only a shutdown of credit availability has the power to generate a recession, which only takes…
Read MoreThe Day Ahead, Friday October 19th
Happy Friday! Today will be the lightest day of the week for economic data, as the Existing Home Sales for September is the only report expected. Of the ten S&P…
Read MoreHealth Care relative strength at a new high
Despite the S&P 500 Health Care sector’s price being down today, the relative performance of the sector vs. the S&P 500 Index is at a new 52-week high.
Read MoreBulls retreat with market pullback
The report out today from Investors Intelligence showed a sizable drop in bullish newsletter writer sentiment.
Read MoreThe Day Ahead, Wednesday October 17th
A relatively light day ahead in terms of economic data and earnings. Today we will get a second report for the week on the housing market with Housing Starts and…
Read MoreThat was some goood breadth
Very strong breadth today as the S&P 500 (SPX) gained 2.15% and closed back above the 2,800 level. Breadth as measured by the number of SPX advancing stocks minus declining…
Read MoreQuick market comment from the road
Yesterday was a pretty interesting day. Typically, over the past few weeks, the breadth has been even worse than the indices, but yesterday was different. According to our friends at…
Read MoreThe Day Ahead, Tuesday October 16th
Positive earnings reports are helping to push equity futures higher. As of 8:15 A.M., S&P 500 futures are up 18 points and trading at the highest level of the morning.…
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