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Market Update

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Positive

  2. Chaikin Money Flow (CMF)-Positive

  3. MACD- Positive

  4. Money Flow Index-MFI-Positive

More on the Market and the Economy:

Stocks ended higher on Friday, with benchmarks posting a second straight weekly gain. The S&P 500 logged a 1.7% gain, leaving the index .7% away from its all-time high of 2117.39. Treasury yields posted the largest weekly gain in a month.


This week data will be released on retail sales, business inventories, small business optimism, industrial production, housing starts, inflation and leading economic indicators.

In a speech last Tuesday to the Minnesota Bankers Association, Minneapolis Fed President Narayana Kocherlaktoa argued against hiking rates this year, saying that “in light of the outlook for unduly low employment and unduly low inflation, the [Fed] can be both late and slow in reducing the level of monetary accommodation.” He went on to say that “”raising the target range for the fed funds rate in 2015 would only further retard the pace of the slow recovery in inflation.” And that a rate hike “would also increase the risk of a loss of credibility, in the sense that the public could increasingly perceive the FOMC as aiming at a lower inflation target.”

On Friday the White House released President Obama’s tax return, which showed that the president’s family paid $93, 362 in taxes on adjusted gross income of $477,383, for a 19.6% tax rate. The Obamas paid $22,640 in state income tax.

It is harder to get a home loan today than it was during the housing boom, and its also harder to get a loan than it was before the boom. And because of that, 4 million mortgages never happened. According to a study from the Urban Institute, if the lending standards from 2001 were used between 2009 and 2013, 4 million more home loans would have been made.

The International Monetary Fund sees lower potential growth around the world, according to the fund’s World Economic Outlook. Over the next five years, advanced economies growth potential should rise to 1.6%, while emerging economies growth potential will fall to 5.2% as populations age and productivity declines.

From Gallup’s State of the States:

Economic Confidence – based on state residents’ views of economic conditions and whether they think economic conditions in the country are getting better or getting worse:

Underemployment – the percentage of state residents who are employed part time but want to work full time, or are unemployed:

An interesting infographic on global wealth:


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