(1) The first trading day of the month tends to be a winner. (2) The M-PMI is always released on that day. (3) Lots of good news in both ISM and Markit M-PMIs for US. (4) Good, but not great, for S&P 500 revenues. (5) Better, but not wonderful, news in M-PMIs out of Europe. (6) Plenty of other solid indicators. (7) Commodity prices holding up despite weakness in Chinese M-PMI. (8) New record high for US trucking index. (9) Rising mortgage rates boosting existing home sales. (10) Tax revenues at new highs. (11) Forward earnings at new highs.
End of free preview
Ed's complete analysis, every chart linked, and the archive back to 2009.
Individual investor? Ed's QuickTakes are available for personal use at yardeniquicktakes.com →