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Possible turn back down this week. If not likely flattish into EOY anyway.

12.56% 10 YR RETURN Annualized https://www.spglobal.com/spdji/en/indices/strategy/sp-500-buyback-index/#overview

RAR risk-adjusted return would be my one and only concern, while of course always trading and/or investing within logical safe margin levels.

A variation on MACD, from Thom Hartle of TAofS&C Magazine, uses settings of 3-8-13 and considers trend to be up when MACD (magenta) line is above zero and down when it is below zero. MACD Avg (yellow) line shows retracements when it crosses MACD - without importantly MACD reversing back over...

Does open now, but pairs is not my thing so no other comment I can make.

Real interest rate is still way below current inflation rate. He needs to keep going with 75 till the imbalance is corrected or damn close, but will he? My guess, no.

Volcker was the real deal. All those who followed are pretenders. So no it would be shocking if they did in fact raise 75bps next FOMC.

One long azz :vomit: after another.

Looks lower, ATM, for me.

Agree - Mervyn. Impulse down, sideways since. Likely to continue another impulse down, at least.

Not just the higher than payroll estimate 263000 vs 200000 but .... "In another blow to the Fed’s anti-inflation efforts, average hourly earnings jumped 0.6% for the month, double the Dow Jones estimate. Wages were up 5.1% on a year-over-year basis, also well above the 4.6% expectation."

Whoops!!

Also historically Dow Jones has been way too slow removing the Dogs, throttling returns. Bet, right now, they'd want a do-over for CRM - about where it was when it was added in 2020, but cut in half from high hit last year.

Difference a day makes. Yesterday 95.04% of $SPX volume was up, today 52.72% was down. And total volume today was 57.85% of yesterday's total.

Could have cut right to chase and say MA's are a confirmation-bias illusion.

Start the new biz, while you still (?) have working capital.

Surprised a somewhat muted reaction to latest PCE Core reading which was less than expected or what one would think more bullish news after Powell's dovish words yesterday.

Up, for the moment, is least resistance. I missed good chunk of the move yesterday thinking, can it really go much higher (?) which of course it did. Overbought can and will get further overbought the more others think it can't.

Swedish bot for a change.

Price trades at exact tick levels, not average levels.