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Looking at: The Makings of a Melt-Up

Looking at: The Makings of a Melt-Up

Feeding the Market Fire In a sharp turnaround from two months ago, U.S. stocks have been on an absolute tear, with the S&P 500 reaching numerous record highs in recent weeks. Fears that the benchmark would fall below 6,000 have evaporated and now sell-side research firms are rushing to issue year-end targets of 8,000 or…Read more

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Looking at: The Makings of a Melt-Up

Looking At: Momentum Vibes

Looking At: Momentum Vibes

Wind at Some Backs Even though the S&P 500 crossed over 7,500 for the first time on May 14, only 55% of stocks were above their 200-day moving averages. In other words, the index has ripped higher since its recent low at the end of March, but once again, the gains are concentrated in a…Read more

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Looking At: Momentum Vibes
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