Call It a Bull

Call It a Bull

  The stock market is acting like it’s in the early stages of a bull market. That’s the message from the Early Cycle Composite, shown on the chart above. This chart looks at the stocks and sectors that tend to lead in the early stages of a bull market—call these...
Leading the Way

Leading the Way

  This week, I want to spotlight a research tool that does a great job of telling us where the stock market is likely headed next. It’s called the Leading Indicator Model. As the name implies, the model consists of 10 indicators with a history of leading the...
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....
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...
Energy Rollercoaster

Energy Rollercoaster

  2022 was a wild year. We witnessed a surge in global inflation unlike anything we had seen in decades, and various commodities saw significant price increases. One of those commodities was natural gas. As our chart of the week above shows, natural gas prices...
Consumer to the Rescue

Consumer to the Rescue

  Our chart of the week above shows that the US economy faced a contraction in the first half of 2022 as GDP (green bars) declined in the first and second quarters, leading to concerns about a potential recession. However, as the gold bars reveal, consumer...