Q2 is well underway for the economy, while Q1 corporate earnings reporting season kicks into high gear this week. Although investors have pretty much written off the quarter as a stinker, they are eagerly anticipating forward guidance for the back half of the year. With the major indexes and underlying valuations sitting at lofty heights, investors are evidently pricing in improving fundamentals ahead, particularly here at home in the U.S. Read more about Sector Detector: Investors place their bets on improving forward guidance

Q1 turned out to be one for the ages, and after some extreme moves and bouts of volatility, stocks settled down and closed out the quarter with a flourish. After falling more than -10% from the start of the year until February 11, the S&P 500 was up +6.6% in March, up +13% since February 11, and finished Q1 slightly positive at +0.8% -- and it is up +206% since the depths of March 9, 2009. Read more about Sector Detector: U.S. equities continue to attract capital as long-standing uncertainties abate

March Madness is in its full glory with some of the most epic displays of competition, controversy, surprises, and visuals we have ever seen. Oh, and the NCAA basketball tournament is pretty incredible, too, but that’s not what I’m talking about. I’m talking about the U.S. presidential election. And it has produced some crazy headlines, news clips, and sound bites. Read more about Sector Detector: Bulls gather conviction as fundamentals regain importance in eyes of investors

Despite low trading volume, a strong dollar, mixed economic and earnings reports, paralyzing weather conditions throughout much of the U.S., and ominous global news events, stocks continue to march ever higher. The world remains on edge about potential Black Swan events from the likes of Russia, Greece, or ISIS (or lone wolf extremists). Moreover, the economic recovery of the U.S. may be feeling the pull of the proverbial ball-and-chain from the rest of the world’s economies. Nevertheless, awash in investable cash, global investors see few choices better than U.S. equities. Read more about Sector Detector: Stocks break out again but may be running on fumes

Stocks have needed a reason to take a breather and pull back in this long-standing ultra-bullish climate, with strong economic data and seasonality providing impressive tailwinds -- and plummeting oil prices certainly have given it to them. But this minor pullback was fully expected and indeed desirable for market health. The future remains bright for the U.S. Read more about Sector Detector: Energy sector rains on bulls’ parade, but skies may clear soon

Scott MartindaleLast week, I talked about the impressive strength this year in the Dow Jones Transportation Average, but it since has been hit by investors’ renewed worries about global economic growth and financial stability. Its fall has been led by weakness in the airlines. Read more about Sector Detector: Skittishness neutralizes bullish conviction

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