Almost There?! Regardless of the underlying economic rationale (or, lack thereof), the index appears on its way to test the record high set before the pandemic. Whether it can really breach the top and if it sustains it after that or falls back is anybody’s guess. As we wrote last week, “Structurally, there is no...

New High, Try Again? Depending on one’s perspective, Kamala Harris’ pick as Biden’s running mate could mean a more moderate Democratic platform and hence good for the markets even in case of a Democrats’ win in November, or a potential loss for Trump and hence bad for the markets. The reality might be something more...

The Index Gunning for a New High? Regardless of the underlying economic rationale (or, lack thereof), the index appears on its way to test the record high set before the pandemic. Whether it can really breach the top and if it sustains it after that or falls back is anybody’s guess. As we wrote last...

No Sign of the Bear, Anywhere As we wrote last week, “Structurally, there is no damage to the bullish bias in the S&P 500 index even if it might come under attack shortly. Until proven otherwise, bears need to wait before putting on any directional shorts. Our models caution against any shorts while the index...

Jobs Number Good or Bad? It Depends! The jobs report numbers this morning could be viewed as positive or negative, depending on one’s perspective. And, hence, the whipsaw in the index futures markets following the report. Structurally, there is no damage to the bullish bias in the S&P 500 index even if it might come...