Strength Is Relative

Strength Is Relative

  Everything is relative. Sure, you’ve probably heard that before. But it holds true in the stock market, too. Relative strength isn’t about measuring something in isolation. It’s about how it performs compared to something else—a benchmark. Think of it like...
Let’s Get Fiscal

Let’s Get Fiscal

  One of the biggest drivers of economic growth is government spending. But here’s the funny thing— as this week’s featured indicator reveals, that spending doesn’t always have the same effect on the stock market. The blue line at the top of the chart tracks the...
Running on Empty

Running on Empty

  Something’s off. At first glance, the S&P 500 seems to be doing OK, but something doesn’t add up. One of our key indicators—the NDR Combination High-Low Logic Index—is running hot. And when this thing gets too high, history says it’s a warning. Let’s talk...
The Wealth Effect

The Wealth Effect

  Some say the economy is on shaky ground. They point to high interest rates. They talk about inflation. They worry about a slowdown. But if you look at household wealth, you’d see a different story. This week’s indicator, Household Real Estate vs. Household...