Alphabet's 2Q17 results are scheduled to come at a time when the strong hold that Google and Facebook have in the online advertising market is generating lots of talk.
Periodically, equity markets will undergo sector rotation where money moves from one sector of the economy to another. Since equity markets are forward-looking, the individuals managing large sums of money, like hedge funds, mutual funds, and institutions, will rebalance or change exposure levels to certain sectors in a fairly discernable manner in anticipation of new … Continue reading Sector Rotation in US Equities
S&P 500 The S&P 500 went sideways initially during the day on Wednesday, then shot through the 2460 handle rather handily. It’s very likely that the market will continue to go towards the 2500 level, which is my longer-term target. I believe that short-term pullbacks will be buying opportunities, as the uptrend is very strong. … Continue reading Major US Indices Forecast, July 20, 2017, Technical Analysis