U.S. stocks have been on a tear. The S&P 500 Index has climbed a surprising 20 percent so far this year, as a global synchronized recovery takes shape and funds flow back to equities. Investors take risks when they try to stop a bull run, and plenty of data suggest you might regret taking that action this year.
The market’s long and intermediate-term trends have strengthened this week with momentum on nearly every time frame showing a buy signal expect for the weekly MACD, which is only a stone’s throw away at this point.
The Philly Fed's Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. The latest gauge of General Activity came in at 19.8, down from the previous month's 22.3.
There is much about the US fiscal melodrama that is a farce. Unlike other debt crisis, this one is totally self-inflicted. It is a crisis of choice not necessity.
After last week's discussion of the Affordable Care Act, it would be easy to drift off into all of the negative consequences of the current problems in Washington DC. There's just so much negative energy every time you turn on the TV that it simply drains you.