View From the Hill: Bullish Market Momentum Decelerating, Earnings or Not

Posted on Posted in Views From The Hill

By J Clinton Hill, Capital Markets Strategist @ Hillbent.com

Market Commentary: August-1-2016

bulls-and-bears4Tonight’s comments will be extremely brief. Here we begin a new month and the fourth week in breakout territory for the S&P 500. Since then, market momentum has definitely decelerated amongst the bullish and I suspect we are heading for a support test at 2000, earnings or not. Keep Hillbent for the Market Direction…

For your convenience and reference, below are a chart of the S&P 500 and our exchange traded funds performance table for a comparative summary analysis of asset classes.

 


ETF Performance Summary: August-1-2016

vfth-etf-summary-aug-1-2016
Click to enlarge

 

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