Most of the time, the U.S. stock market looks to 3 factors to support its upward trend – let’s grade each of the 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). This grade is in danger of being reduced. During the last 10 days, several of the largest U.S. companies reported disappointing earnings, a trend the stock market has overlooked.
factors:
The Weekly Commentary
Observations of the current state of the stock and bond markets
