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S&P vs T-Bill/10yr Rate Spread Update

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Chemical Activity Indicates Higher Equity Prices Ahead

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Recession Calls…..Still Wrong

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Fed To Raise in March?? Now Likely

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Chemical Activity Barometer Still Rising…..Equity Markets Should Also

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Markets Are Not Open to Simple Interpretations

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Employment Reports Indicate Higher Equity Markets

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Is GDP Really “Weak”?

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Chemical Activity Hits New High…..Higher Equity Prices To Follow

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Chemical Barometer Hits Cycle High

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“Nothing Is As Dependable As Cycles”

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The Economy Is About to Accelerate

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Market Psychology Changing…S&P 500 Intrinsic Value Update