S&P 500 Approaching New Multi-Year Highs Will August 2012 Mimic Last Year? Probably not. The S&P 500 index is showing strength after a horrible May 2012. Our analysis showed early in the summer that the old adage “sell in May and go away” wasn’t working this year (see June 29, 2012 Markets Move On Expected…
S&P 500 Breaks Out Of May 2012 Range Approaching Multiyear Highs, Small Cap Stocks Outperform: The S&P 500 has resisted bearish calls to the downside and is pushing forward to near multiyear highs. The financials, technology and small caps which we expected to be leading the new rally as opposed to energy or industrials have…
