Trend Watcher – Is Consumer Discretion an Oxymoron?

Joseph Gomez, Sr. Investment Advisor and Portfolio Manager Up until this Tuesday, the S&P 500 had closed in overbought territory (more than one standard deviation above its 50-day MA) every single day this year. The 1.5%+ decline on Tuesday moved the S&P 500 back into “neutral” territory for the first time in 43 trading days. While the .. read more