Ned Davis Research: Dear Jay, Move Slowly

Let’s begin with a mea culpa. In my note of 18 May 2023, I wrote that the risk/reward for equities...

“If falling 10% in stocks over a couple weeks is too much volatility for you, then being up 25%...

9 key macro events this week, but Treasury refunding most important arguably. Incoming data likely soft-ish which should help...

 Equity Risk Premium holds key inputs/ingredients  After major market sell-offs, it becomes increasingly difficult to achieve lower-lows. They are...

The Major Trend Index remained at a High Neutral reading of +1 in the week ended May 17th. While...

Welcome to this week’s State of the Markets. Please click the following link to review this week’s SOTM. In this week’s episode, we record live on...

Since displacing the gains from January, which we believe is the best term to use, the S&P 500 (SPX)...