Service Surge

Service Surge

  This week’s indicator is all about the ISM Purchasing Manager’s Index (PMI).  It’s a monthly report that measures the health of the U.S. services sector.  It’s based on surveys of managers in industries like healthcare, finance, retail, and more.  Think of it...
Absolutely Bullish

Absolutely Bullish

  This week’s featured indicator highlights a neat tool called the Absolute Breadth Index, which measures volatility, or how much prices are bouncing around. But the Absolute Breadth Index stands out because it doesn’t care about direction—whether prices are...
Multiple Markets

Multiple Markets

  A lot of the time, when people talk about “the stock market,” they’re talking about the U.S. stock market. Maybe the S&P 500 Index, for example. But there’s a whole world of other stock markets out there. For instance, the MSCI ACWI (All-Country World...
Cyclical Leadership

Cyclical Leadership

  This week’s indicator is all about the cyclical sectors. What are the cyclical sectors? Well, as their name implies, they’re sectors that are in sync with the economic cycle. When the economy grows, these sectors do well. But when the economy contracts, they...
Leverage Limits

Leverage Limits

  This week’s indicator is all about leverage in the stock market, or what is commonly referred to as margin debt. What is margin debt? In simple terms, it’s a measure of how much money investors are borrowing to buy stocks. When they do this, it’s called buying...
All Aboard

All Aboard

This week’s indicator is actually three different indicators that, when combined, are flashing some good news for the stock market. The indicators (or models, to be exact) focus on three key areas: stocks, interest rates, and inflation. The idea is simple—when stocks...