More Testing Needed

More Testing Needed

OVERVIEW   U.S. stocks were mixed last week. While the S&P 500 Index retreated 0.66% and the Dow Jones Industrial Average slipped 2.7%, the Nasdaq Composite rose 0.55%. Growth stocks led the way, gaining about 0.3%, whereas value-oriented stocks fell around...
Bond Bargain

Bond Bargain

  Bond yields are finally looking more appealing. Our featured chart above shows that the yield on the Bloomberg U.S. Aggregate Bond Index—widely considered one of the best total bond market indices—has climbed to roughly 4.2%, its highest level in over a decade....
Trendsetter

Trendsetter

  For this week’s featured indicator, I’d like to revisit a tool we use to measure the long-term “trend” or direction of the stock market. It’s called a deviation-from-trend indicator. It gets this name because it looks at how the stock market is trending over...
Test Time

Test Time

OVERVIEW   U.S. stocks rose for a second straight week last week. The S&P 500 Index gained 2.67%, the Dow Jones Industrial Average rose 2%, and the tech-focused Nasdaq Composite surged 4.82%. Foreign stocks had a strong week as well. The MSCI EAFE Index of...
Wilting Wages

Wilting Wages

  We’ve gotten some good news on the inflation front lately. The latest consumer price index release confirmed that inflation cooled for a sixth straight month. Additionally, last Friday’s employment report revealed a surprising decline in the year-over-year...