Is Today's Euphoria in the Stock Market Justified?

Has the relief on the tariff issue really signaled a booming economy going forward?

Since I will be traveling this weekend, I am sending out an abbreviated edition of our weekend report. Therefore, if something important takes place Friday afternoon…and you don’t get a chance to read this until the weekend, you’ll understand why we didn’t include them in our analysis…..We will be back with our normal daily pieces on Monday…as well as our regular weekend piece next weekend. Thank you.

Table of Contents:

1) Has the economic and earnings outlook improved enough to justify this big rally?

2) Earnings estimates continue to decline. This needs to reverse in a major way.

3) Momentum is a powerful force, so the rally could continue for a while.

4) The Treasury market is showing signs of an important change in trend.

5) The guidance from the retail sector next week should be very telling.

6) Summary of our current stance.