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Market Breadth Broadens in 2026: Mid-Year Outlook
This commentary was prepared for clients on July 2, 2026. The second quarter ended very differently than it began. When we last wrote in April, markets were wrestling...
The May Employment Report was a Blowout but What’s Next?
Where Have We Been? Back in February the stock market registered new highs. At the same time, several of the leading indicators we follow were tentatively signaling the emergence...
Financial Market Update
We continue to monitor the economic situation and where appropriate are making adjustments to your investments. This video update (click here to watch) is designed to keep you...
Economy Drops at an Unprecedented Rate but Could be Close to an Upside Reversal
Chart 1 below compares the S&P to our Master Economic Indicator (MEI). It combines the momentum of six leading economic indicators and comes into its own when economic...
A Viral Storm – That Will Pass
Considering the exceptional portfolio returns earned in 2019 and improving economy as this year began, this virus-induced stock market collapse has been a gut-wrenching time for...
Best Year This Century!
Happy New Decade! We are pleased to report you finished the year with a very strong performance. Congratulations! What's Next in 2020? We caution against extrapolating last...
Our Business Cycle Work is Close to signaling a Stage III. Guess Which Market That’s Bullish for?
A large part of the Pring Turner investment approach is derived from the fact that the business cycle is nothing more or less than a repetitive chronological sequence of events....
Recession Watch Update: Four Leading Economic Indicators Signal a Stronger Economy Ahead
Even though we have already experienced the longest expansion on record, the latest data suggest the possibility of a resurging level of business activity as the economy emerges...
Adding to Gains
Economic growth is chugging right along on a slow but steady path higher, supporting the positive investment backdrop. Furthermore, the Federal Reserve implemented a “midcycle...
Our LEI Hits a New High
The Pring Turner Leading Economic Indicator (LEI) comprises a weighted ROC for three key economic sectors and a financial one. These are construction, consumer spending,...
The Stock Market Beach Ball
If you have ever gone to the beach or played in a pool and pushed a beach ball under water, you can appreciate how we associate current stock market conditions with that beach...
Is the Bond Pendulum Set to Swing Yields Higher?
The chart of the month (below) compares the 10-year U.S. Treasury yield to its 12-month ROC. This oscillator is like a pendulum of a clock as it is continually swinging between...
Climbing the “Wall of Worry”
Stock and bond prices added to strong first quarter gains! The gains were briefly interrupted in May when stock prices corrected due, in part, to several troublesome headlines. ...