As of Thursday, September 21, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
Stocks have maintained their sideways action this week, which included news from the Federal Reserve that it will begin selling principal amounts of its bond portfolio beginning next month at the starting rate of $10 billion per month.
This continues to be an unprecedented period of low (none) volatility and super tight daily trading ranges on the S&P500 Index.
As we did earlier in the week, here are a few more macro charts to consider within the context of the bigger picture.
Since the Financial Crisis corporate stock buybacks have increased along with the S&P500 Index. Now that relationship seems to be diverging.
Here’s an intriguing look at the relationship between the US Federal budget balance peaking and the start of recessions.
In these continued days of eerie calm, don’t forget to keep a weather eye on the horizon…
If you would like to review the EquitySurge™ trading signals generated in 2016 and so far in 2017 please see the Trading Signal Performance Chart page.