Stocks took their shot at a breakout last week, but when push came to shove, the bears ended up doing more of the shoving. Though the S&P 500 teased us with a break above the February high of 2401 by moving to a high of 2404 on Tuesday, it was only a headfake… and not a very convincing one at...
Stocks took their shot at a breakout last week, but when push came to shove, the bears ended up doing more of the shoving. Though the S&P 500 teased us with a break above the February high of 2401 by moving to a high of 2404 on Tuesday, it was only a headfake… and not a very convincing one at...
Relative weakness in April isn't unusual, and last month's growth suggests the Q1 spending lull was temporary —————– Last month, consumer spending was respectable, though not quite as hot as expected. On a month-to-month basis, retail spending grew 0.4%, falling short of the expected 0.6% increase. Perhaps more alarming than less, retail spending not factoring on auto sales was only...
Relative weakness in April isn't unusual, and last month's growth suggests the Q1 spending lull was temporary —————– Last month, consumer spending was respectable, though not quite as hot as expected. On a month-to-month basis, retail spending grew 0.4%, falling short of the expected 0.6% increase. Perhaps more alarming than less, retail spending not factoring on auto sales was only...
Last week began a bit wobbly, with stocks dropping hints that they would fail to follow through on the prior week's strength. For the S&P 500, that meant a stall just shy of a record high. After the Department of Labor shared last month's job report on Friday though — and the House of Representatives approved an Obamacare replacement plan...
As has been noted more than once, the broad market's year-over-year earnings growth for Q1 has been impressive, but should be taken with a grain of salt. The first quarter results from 2016 were horribly bad for oil and gas companies, and that's not the case for the recently completed. They're still far from 'good,' though. Nevertheless, the current readings...
As has been noted more than once, the broad market's year-over-year earnings growth for Q1 has been impressive, but should be taken with a grain of salt. The first quarter results from 2016 were horribly bad for oil and gas companies, and that's not the case for the recently completed. They're still far from 'good,' though. Nevertheless, the current readings...
Ron Meisels says market could go up another 10% before bears take charge By Howard Gold, MarketWatch We’ve heard it over and over again, for years: This bull market is getting long in the tooth. It just celebrated its eighth birthday. The S&P 500 (SPX) and Dow Jones Industrials (DJIA) have more than tripled. It’s the second longest bull market...
Ron Meisels says market could go up another 10% before bears take charge By Howard Gold, MarketWatch We’ve heard it over and over again, for years: This bull market is getting long in the tooth. It just celebrated its eighth birthday. The S&P 500 (SPX) and Dow Jones Industrials (DJIA) have more than tripled. It’s the second longest bull market...
Last week we took a look at the broad market's earnings for Q1, using the S&P 500 as out proxy. Though earnings season isn't actually over yet, with 84% of the S&P 500's constituents having reported last quarter's results, where the S&P 500's per share earnings are is where they're going to be. And as a reminder, where they were...
BECOME A BIG TRENDS INSIDER NOW!
Trend Watch, TRENDSCORE, webinars, technical analysis e-book, and more!
