Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
Broadening Holds Formation Last week, in my interview with Quasar Markets, I suggested it would be a healthy development if the S&P 500 consolidated after a bullish but modest volume breakout. This week followed that script as the market largely traded sideways in a narrow range, digesting recent gains rather than surrendering the field. The […]
Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
The Generals’ Resurgence, Breadth Breaks the Line August opened with a decisive counteroffensive from the generals. After weeks of rotation, hesitation, and uneven command, the Invesco QQQ Trust Series 1 surged 5.09% and powered the market higher. The S&P 500 Index broke above resistance, pushed through June’s prior all-time high, and closed the week on […]