Most of the time, the U.S. stock market looks to 3 factors to support its upward trend – let’s grade each of the factors: CONSUMER SPENDING: I grade this factor a C (neutral). THE FED AND ITS POLICIES: I 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 grade this factor a B+ (favorable). Many of the biggest companies in the U.S. reported their first quarter profits last week. Last week’s earnings reports continued to indicate adequate profits to support stock prices. We will evaluate this grade for possible increase this coming week. NOTE: the above grades remain unchanged from last week.
The Weekly Commentary
Observations of the current state of the stock and bond markets
