From the desk of Vance Howard:
After having traded sideways for a few weeks, the market has now broken out of its short-term trading range and the HCM-BuyLine® has firmed up. In other words, a turn back up could be in the cards in the near future. There are some wonderful buys out there IF the markets hold, but some caution is still not a bad idea because there is a lot of unhealthy data on the current economy and inflation that keeps coming out. It does appear that the markets are trying to put in a bottom, and this could bode well for the last two quarters of the year. Even the bond market looks to be finding support and breaking out of a short-term basing pattern.
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