The “Heat Map”

Most
of the time the U.S. stock market looks to 3 factors (call them the “pillars”
that support the stock market) to support its upward trend – let’s grade each
of the pillars. 


CONSUMER SPENDING:  I have graded this factor B (above average) based upon the
increase in retail sales as reported in recent economic reports.
 

THE FED AND ITS POLICIES:  I continue to grade this factor an A+ (extremely favorable) because the
FED cannot do much more than it is doing to support the stock market and asset
prices.



BUSINESS PROFITABILITY:  I rate this factor B- (slightly above average).



NOTE: 
There is no change from the
last report.


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