S&P 500 Index
Long

Another week of bullishness?

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International indices are well aligned. Two weeks ago, the majority of indices posted rejection wicks at their support levels. Last week we saw the follow through. The S&P 500 and the Nikkei 225 were the leaders showing stronger bullishness, while the DAX and Hang Seng show more indecision.

This week, earnings will be a big theme for equity investors. Positive earnings could lift the S&P 500 further. Negative interest rates also typically lead to positive stock returns when investors adopt a more risk-taking mentality with “cheap money”.

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