🇺🇸SPX
Thursday, our Stock Market Bull & Bear Indicator was bullish well before the opening bell and the S&P 500 didn't disappoint, ending the day up 1.75%.
The model gauges if the market is leaning bullish, bearish or neutral.
Subscribe on the website👉 isabelnet.com
🇺🇸 GDP
Markets are leaning toward a steady growth outlook. The gap between cyclicals and defensives points to US real GDP growth of about 1.8%, broadly in line with Goldman Sachs' 1.9% forward 4Q GDP growth forecast
👉isabelnet.com/blog/@GoldmanSachs$spx#spx#stocks#GDP
🇺🇸 NAAIM
At 79.27, the latest reading shows that active managers have eased back on US equity optimism, pointing to a cooler but still confident market mood, neither overheated nor subdued
👉 isabelnet.com/?s=sentiment#NAAIM$spx#spx#sp500#stocks#equity
🇺🇸 S&P 500
The decline in G10 excess liquidity into negative territory signals a tougher road ahead for US stocks over the next six months. When liquidity dries up, equities tend to feel the strain
👉 isabelnet.com/?s=S&P 500
h/t @GoldmanSachs$spx#spx#sp500#stocks#equity
🇺🇸 S&P 500
A composite of technical breadth indicators shows the S&P 500 is approaching oversold levels, increasing the odds of a short-term rebound. Attention now turns to whether buyers take control
👉 isabelnet.com/?s=S&P 500$spx#spx#sp500#equity#stocks#stockmarket
🇺🇸 Valuations
Valuations in US equities remain extended, with most metrics running over two standard deviations above history. "Cheap" is largely a thing of the past, but stretched markets can defy gravity for longer than expected
👉 isabelnet.com/?s=valuation
h/t @SoberLook$spx
🇺🇸AAII
Even with the S&P 500 near record highs, US retail investors are staying cautious. The AAII bull-bear spread is stuck in negative territory for the fourth consecutive week. That hesitation can be a tailwind for the market
👉isabelnet.com/blog/
ht @dailychartbook$spx
🇺🇸 Equities
Major US equity issuance booms tend to follow late-cycle optimism. On its own, that is more a caution flag than a sell signal. It carries more weight when it appears alongside other late-cycle cracks
👉isabelnet.com/blog/
h/t @LanceRoberts#IPO#stocks$spx#spx