S&P 500

For the first time ever, the number of market indexes now exceeds the number of U.S. stocks...

Readers are familiar with the various microwave and laser arrays located at the real New York Stock Exchange in Mahwah, New Jersey, both of which we have written about in the past.

Microwave tower located next to the NYSE in Mahwah, NJ.

Auth9ored by Lance Roberts via RealInvestmentAdvice.com,

This…has…to…be…the…most…boring…market…ever.

For almost a month now, the market has gone literally nowhere. Despite news of the passing of the American Health Care Act, the Continuing Resolution, or “stellar” earnings reports…nothing seems able to excite either the bulls or the bears.

Boring.

Having hiked rates into rising inflation and slumping economic growth in March (the weakest quarterly growth for a rate hike period since 1980), and continuing to proclaim a victorious normalization looms - despite collapsing economic data (except payrolls), it seems an auto-pilot Fed is much more set on hiking rates than the market believes.

Authored by David Stockman via The Daily Reckonig blog,

Yesterday I said the Donald was absolutely right in canning the insufferable James Comey, but that he has also has stepped on a terminal political land-mine. And he did.