Weaker sentiment with higher inflation, according to Univ. of Michigan
Consumer sentiment was revised lower for August, with inflation expectations a smidge higher.
Read MoreConsumer sentiment was revised lower for August, with inflation expectations a smidge higher.
Read MoreThe highly anticipated speech from Chairman Powell at the Kansas City Fed’s Jackson Hole Economic Symposium just wrapped up and here is a brief summary:
Read MoreThe most notable movement in our four key tactical indicators comes from the further drop in sentiment. The NAAIM Exposure Index dropped to 34 from over 100 just four…
Read MoreThanks to a blowout earnings report Wednesday night from the posterchild for AI chipmakers, the S&P 500 Index (SPX) gapped higher by 0.43%, its strongest open in two weeks.…
Read MoreBullish retail sentiment declined for the third straight week, driving bearish sentiment above bullish for the first time since the week of June 2
Read MoreThe U.S. Labor Department reported the number of people filing initial jobless claims fell by 10k to 230k, slightly below the 240k consensus estimate.
Read MoreThe oversold bounce removed the near-term oversold/pessimistic condition. Here are the closing levels for our four key tactical indicators:
Read MoreS&P equity futures are trading well above Wednesday's close amidst widespread gains in Europe and Asia overnight. Treasuries slightly weaker after a big rally in prior session. Dollar better…
Read MoreThe S&P 500 Index (SPX) opened higher and remained there all day, closing near the high, up 1.10%, its first 1% rally since June 30.
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