Broadening Out

Broadening Out

OVERVIEW   The major U.S. stock indices climbed around 2% to 3% last week, regaining ground lost in the previous week. The S&P 500 rose 2.42%, and the Nasdaq surged 3.32%, marking a 15-month high for both indices. Overseas, returns were even better, with...
Disinflation

Disinflation

  The big economic news this week was the release of the Consumer Price Index (CPI) on Wednesday—and it was a good one. On a year-over-year basis, the headline CPI eased to 3.0% last month, the slowest pace since March 2021. This was a pivotal development for the...
Crossing Paths

Crossing Paths

  This week I want to introduce a technical indicator called a moving average cross. The basic idea is that you take two moving averages—one shorter-term and the other longer-term—and generate buy/sell signals for an asset based on whether the shorter-term moving...