The market entered the shortened Labor Day week with its ranks already stretched near elevated ground. Most days traded on average volume, but the character of that volume leaned defensive. Tuesday registered 77% downside Capital Weighted Volume, Wednesday followed with 85% downside volume, and Thursday remained tilted lower with 61% downside volume. Friday finally delivered […]
Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
Generals and Troops Poke Their Heads Out of their Bunkers The week started out on poor footing, but the bulls found support just where they needed it. On Wednesday, the S&P 500 rallied from the 7600 defensive line. Then on Thursday, the market popped with an 88% Capital Weighted Volume /Dollar Volume upside/inflow day. Despite […]
Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?