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Search resuls for: "bullish seasonals"


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The stock market may have just bottomed, according to market veteran Ed Yardeni. Yardeni highlighted that the S&P 500 found support at its rising trend line that dates back to the March 2020 low. AdvertisementAdvertisementOur chart of the day is from market veteran Ed Yardeni, which plots the S&P 500 since 2018 and highlights a key rising trend line that could be acting as support for the stock market. Yardeni pointed to this chart in a Wednesday note to clients and argued that the stock market may have just bottomed. If the stock market did bottom this week, as Yardeni suggests, it would play into the bullish seasonals that typically drive the stock market higher into the end of the year.
Persons: Ed Yardeni, Yardeni, Organizations: Service, Fed, LPL Research
A decline in transportation stocks is sending a worrying signal about the broader stock market. Transportation stocks are viewed as a leading indicator because they point to the movement of goods around the country. AdvertisementAdvertisementA steady decline in transportation stocks is sending a worrying signal about the broader stock market and its chances to stage a year-end rally. If companies are seeing a slowdown in growth and their stock prices fall, it could be a grim warning for the rest of the economy and stock market. AdvertisementAdvertisementAnd if the latter happens, crucial support levels would be broken and investors' highly anticipated year-end rally in the stock market, partly explained by bullish seasonals, would be on thin ice.
Persons: , Hunt, Dow Jones, bullish seasonals, J.B, Shelley Simpson, Robert Isom, We're, Isom, Joe Hinrichs, Hinrich, Dow, Manuel Blay, TheDowTheory.com, Dow Industrials Organizations: Service, Dow Jones Transportation, United Airlines, American Airlines, CSX Transportation, Dow, Industrial, CNBC, CSX Locations: Israel
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