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By Gary Alexander This Friday marks the beginning of summer, the "Longest Day" in the Northern Hemisphere. At the end of this month, we will record a positive GDP for the second quarter, marking this as the longest economic recovery in the 240-year history of the United States. And we alre...
This morning's Empire Report notwithstanding, (the weakest since June 2011 per Bespoke), while the market sentiment has firmly tilted to the bearish camp, "market breadth" is one reason to remain firmly rooted in the bullish camp. Here are two graphs from "The Bespoke Report" over the weeken...
If you read the June FOMC previews from major Wall Street banks, they are broadly similar. Everyone expects a less enthusiastic assessment of the economy, several individual dots to show expectations for cuts this year (even if the median dot remains unchanged) and, crucially, a change to the ...
After several weeks of volatility, the S&P 500 (Index: SPX ) settled down during the second week of June 2019, as might be expected for when investors are focusing their forward-looking attention on the distant future quarter of 2020-Q1. The reason they're doing that is because they are...
"While it would be unfair to say that either the Fed or the market is clueless, no one is sure whether we are facing the definitive downswing in the current economic cycle, or another mini-pause." That's from a short Friday note by SocGen's Kit Juckes, who was weighing in on Paul Tudor J...
By David Aurelio As the S&P 500's 19Q1 earnings season enters the final stretch, Broadcom, Inc. (AVGO) delivered a heavy blow to the Semiconductors and Semiconductor Equipment industry when it reported revenue below expectations and provided a cautionary warning related to U.S.-China t...
By Robert Hughes AIER's Leading Indicators index returned to neutral in May; outlook remains uncertain AIER's Leading Indicators index rose 12 points to a neutral reading of 50 in May, up from 38 in April. The Roughly Coincident Indicators index and the Lagging Indicators index both fell...
These past several few weeks has been yet another test of our mettle as investors as it relates to owning stocks. I have been a professional money manager and market and stock analyst for the last 22 years. I have seen numerous pullbacks like this most recent one and I have been through three ...
Sell in May and go away did not work this year, so far. May was an ugly month, but June has brought a powerful rally in the stock market. Last week, the E-Mini S&P 500 futures contract demonstrated how strong the price action in stocks has been. Source: CQG As the chart highlights, ...