Spring, Summer, & Fall

(1) Old adage getting old: May is just another month. (2) Aging bull still raging. (3) Our mantra: Four more years! (4) Julys and Augusts can be big winners. (5) Blue skies for our Blue Angels. (6) Rule of 20 P/Es at 17-19. (7) September can be a big loser. (8) Lots of stuff hitting the fan in the fall. (9) Another big up day at the start of the month. (10) M-PMI confirms “Second Recovery” scenario in US. (11) Soft patch in July’s labor indicators. (12) “Blue Jasmine” (+).