While we continue to be in an intermediate-term consolidation phase under the surface of the Nasdaq and S&P 500 (SPX) indices, we believe greater participation in the market upside should eventually be fundamentally driven by (1) an improved outlook for money, (2) likely improvement in manufacturing, (3) an inventory replenishment cycle, and (4) the recent pivot from historically low levels in our leading indicators.

Sign up to access the rest of this content!

This content is not available to free users. Sign up for a paid account to access the rest of this content.




Share this: