With the all-time Intraday High Broken, Bulls to Take a Breather? CPI, ISM, and FOMC coming up ahead this week, and with the all-time intraday highs already broken yesterday, the markets might have risen too high too fast. As we pondered yesterday, “When (not if) the new highs are established, would the markets pause or (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 04/29” will be posted around 8:30am EDT, Friday. THE GIST (“THE WHAT”) The busiest week of earnings and economic data opened on a positive note with the S&P 500 index logging a new record high daily close. Stronger-than-expected U.S. consumer spending data coupled with a (more…)
