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Weekly Bulletin, a publication written by Mark Luschini, Janney’s Chief Investment Strategist, provides insights on the state of our economy as well as our market outlook.

June 18, 2018

Market Internals and Healthy Economic Conditions Support Overweighting Stocks

Stocks continued to trade at the upper end of the 10% trading range that has been in place since early February. We think stocks will resolve this consolidation to the upside as evidenced by internal market dynamics. The tech-laden NASDAQ Composite and the Value Line Arithmetic Index (an equal weighted broad-based stock market index) are already making new highs, while the broad market’s advance/decline (A/D) line is also making record highs. Healthy economic growth conditions also support these market internals and suggest the broad market indexes will follow to new highs.

Click here for the full Weekly Bulletin.