In today’s Chart of the Day sent to paid research subscribers, we show that by one measure, the S&P 500 is already making new all-time highs, despite the price index remaining about 1.5% below the prior all-time high set back in May of 2015. Sign up for a 14-day free Bespoke research trial below to receive instant access to our Chart of the Day plus everything else we have to offer.
Our Economic Indicator Diffusion Index measures the pace at which economic indicators are coming in ahead of (or below) consensus economist estimates over a 50-day period, and it provides a nice illustration of how the economy is playing out compared to expectations. Positive readings indicate an economy surprising to the upside, while negative readings are representative of an economy failing to live up to expectations.
In today’s Chart of the Day sent to paid research subscribers, we provided an update to our monthly Economic Indicator Diffusion Index. In today’s update, we discuss recent trends in the index and how various readings are likely to be interpreted by the market. Sign up for a 14-day free Bespoke research trial below to receive instant access to our Chart of the Day plus everything else we have to offer.
In today’s Chart of the Day sent to paid research subscribers, we take a look at the “Smart Money Indicator,” which suggests that the “dumb money” trades at the open while the “smart money” trades at the close. In the report, we highlight the average path that the S&P 500 has taken throughout the trading day so far in 2016 to identify when selling or buying is occurring. A fascinating trend has emerged this year.
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Recent bullish action in a key asset class has caused an important break of downtrend, as you can see in the chart below.
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