There is already a debate going on as to if a new bull market has begun. What is more important at this stage is if last week’s low holds, as stocks likely come under pressure near term. Regardless if a … Continued
U.S. corporate earnings have been in serious deceleration. This is no news. They have been decelerating for a while now. Operating earnings of S&P 500 companies peaked at $29.60 in 3Q14, and have declined for five straight quarters annually. Chart … Continued
Up until recently, investor sentiment, as portrayed by Investors Intelligence’s weekly survey, was exceedingly bullish on U.S. stocks. Rightly so. The last time the S&P 500 Index had a 10-percent correction was in April-June 2012. (Although the September-October decline last … Continued