View From The Hill: May-13-2016

Posted on Posted in Views From The Hill
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April-2016’s surprisingly strong Retail Sales report for @ +1.3% vs. consensus @ +0.9% nor a surge in May-2016’s Consumer Sentiment @ +98.5 vs. consensus @ 89.7 could convince the bulls to hold their positions. Halfway through the trading session, the market broke down and never looked back. The SP-500 (SPY) closed below it’s 50-day moving average and will most likely test its 200-day average if it fails support @ 203-202 levels. Buckle up and fasten your helmets because I think the rollercoaster has reached the top and is preparing for another drop.

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(Please see our ETF asset class performance summary below)

 

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