US Equity and Economic Week in Review — Is the Market Topping Out?

            This week, the Institute of Supply Management released their latest manufacturing and service sector surveys.   Both indicate broad swaths of the economy are on solid ground.  The only bearish news this week were a continued weakness in auto sales, as the annual sales pace once again declined.  The equity markets were moderately calm; they declined sharply at Tuesday’s open but moved sideways for the remainder of the week.  In contrast, the treasury market – especially the long-end – continued their recent rally, indicating a short-term flight to safety contin

Source: XE news feed
US Equity and Economic Week in Review — Is the Market Topping Out?