The Fat Pitch

Barring a 50 point drop next week, SPX will close July higher. This will the 6th month in a row that SPX has closed up. Investors are used...

Every month, we review the latest BAML survey of global fund managers. Among the various ways of measuring investor sentiment, this is one o...

SPY (daily) remains firmly in its up channel. That's the big trend to keep firmly in mind. That said, it's 13-ema inflected downwa...

There are things to be concerned about and things to not be concerned about. With an improvement in macro data in the past quarter, there ...

In May we started a recurring monthly review of all the main economic data (prior posts are  here ). Our key message has so far been that (a...