Last Week: There was very little incremental economic data last week, and what reports did come met expectations and importantly did nothing to change the perception that economic activity is legitimately accelerating—a perception that continues to support stocks broadly. From a domestic data viewpoint, there isn’t a lot to talk about. Jobless claims continued to […]
The S&P 500 is now more than 6% above its 200 day simple moving average. And while the trend is clearly still bullish, the complacency in the market paired with the overextended conditions raise the chances of a pullback.
https://sevensreport.com/wp-content/uploads/2017/02/TNX-2.8.17.png257406Tyler Richeyhttps://sevensreport.com/wp-content/uploads/2019/02/sevens-report-research-logo.pngTyler Richey2017-02-09 08:00:562017-02-08 16:10:4710 Year Note Yield Continues to Fall
A friend who runs a successful tax lien fund called me this past weekend with an interesting story. The portfolio manager of one of the biggest institutional investors, a $2-plus billion multi-family office on the West Coast, called him last week and told him to expect a bigger allocation soon because he (the PM of […]