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Retail Spending is Off The Charts

Retail Spending is Off The Charts

Year over year retail sales is up 24%.  That’s the largest y/y change on record.   Does retail sales data matter?   Yes, yes it does:  Retail sales make up nearly one-half of personal consumption, which in turn accounts for nearly 70% of GDP.  Retail sales, in...
Tracking the ’09/’10 Bull

Tracking the ’09/’10 Bull

We expect the market to continue on a similar path.  Great chart from Ryan Detrick of LPL Research. More from Ryan:  “Amazing how this new bull market has tracked the ’09/’10 bull market.  Be aware right about now is when that one finally rested and...
Energy Dominates

Energy Dominates

The energy sector is back on track today.  The top 20 gainers in the S&P 500 Index is dominated by energy.  The sector in general has been in pullback mode since peaking in early March.  At last week’s lows the XLE(SPDRs Select Sector Energy ETF) had dropped...
Workday Working Higher

Workday Working Higher

Shares of Workday are moving past the March highs.  The stock is now up 20% from its March lows and is set up well for more upside.  Layers of support are now in place.  The $263-$260 area includes the multi week March highs as well as last week’s high.  ...
Zoetis Back on Track?

Zoetis Back on Track?

Back in mid February shares of Zoetis appeared ready to reach new all time highs.  The failed Feb. 16th earnings inspired( Zoetis shares rise as (NYSE:ZTS) | Seeking Alpha) breakout lead to a steep pullback.  By early March the stock had dropped 17% from the Feb....