This Inversion Version
June 28, 2023 Good morning, With apologies, it appears I may have jumped the gun on the summer doldrum call on Monday. Yesterday’s economic data (Consumer Confidence and New Home Sales) was surprisingly strong and reflected both better present business conditions and improved consumer expectations. Yesterday morning’s data surprises led to immediate risk-on buy orders […]
Summer Doldrums Coming?
June 26, 2023 Good morning, The last week of the first half of the year begins on a quiet note this morning. Futures are virtually unchanged, following a week of profit-taking last week – the S&P 500 Index (SPX) was down -1.38% last week, breaking a streak of 5-consecutive up weeks with a cumulative gain […]