S&P 500: What Is It?

Is the item below (a) forthcoming market-moving events or (b) Yellen’s Coitus Calendar? Not sure? Well, any answer is OK, because it’s both! At least we don’t have to brace ourselves for any scheduled nonsense for a little while.

As for equity markets, they did their typical “backing and filling” routine. After yesterday’s nice drop, they’ve fought back a little less than halfway. Since the media has to have some reason for the strength, they’re pointing to the rise in oil, which I guess is as good a reason as any. We need to break 2027 to really get things cooking to the downside next week.

By the way, you occasional contributors (Bob Kudla, Strawberry Blonde, and others) I could use some more content the next four days, since I’m going to be on one of my sort-of, kind-of vacations. So I’d love to see some posts; thanks!