This month marks the first time since July 1 that the first trading day of the month wasn’t an up day. That’s 8 months in a row of money pouring in on the first trading day. Furthermore, recall that July 1 marked a low for the SPY at 101.13 that ended a 2-month correction to the 13-month rally off the March 2009 V-bottom, and launched a new 8-month rally. Is the fun over now?

Stocks over Bonds, Small Caps over Large

by David Brown, Chief Market Strategist, Sabrient Systems

We’re going to start with what I do know – and then I’ll tell you what I don’t know.

Fed Walks Fine Line Between the Short-Term & Long-Term

by David Brown, Chief Market Strategist, Sabrient Systems

We enter a new month this week mired in a persistent global malaise.  The weekend increase in Israeli-Palestinian tension doesn’t help, nor does the continued inability of BP to deal with the largest oil spill in history.  Economic news this morning was positive but without sufficient importance to do much more than soften the opening gap down.