S&P 500, Nasdaq 100 and S&P 1500 Breadth Models – Yields Spreads – Fed Policy

The Market Regime page defines the stock market environment: bull or bear market. Three trend/breadth models quantify performance for stocks in the S&P 500, Nasdaq 100 and S&P 1500. Yield spreads capture credit market conditions, while Treasury yield trends reflect Fed policy.

The Market Regime page defines the stock market environment: bull or bear market. Three trend/breadth models quantify performance for stocks in the S&P 500, Nasdaq 100 and S&P 1500. Yield spreads capture credit market conditions, while Treasury yield trends reflect Fed policy.

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The Market Regime page defines the stock market environment: bull or bear market. Three trend/breadth models quantify performance for stocks in the S&P 500, Nasdaq 100 and S&P 1500. Yield spreads capture credit market conditions, while Treasury yield trends reflect Fed policy.

The weight of the evidence was already majority bullish for stocks and this evidence improved as two S&P 1500 breadth indicators triggered bullish. S&P 500 and Nasdaq 100 breadth indicators were already majority bullish. Strength in small-caps and mid-caps lifted S&P 1500 stocks this week. In addition to bullish breadth

S&P 500 and Nasdaq 100 breadth indicators are majority bullish, but S&P 1500 breadth remains majority bearish. Yield spreads remain narrow and show no signs of stress in the credit markets, which is bullish for stocks. Short-term rates fell to multi-month lows in early August, indicating that the Fed will cut rates. Overall, the environment for stocks is selectively bullish.

The Market Regime page shows charts and indicators designed to identify bull/bear markets. This is a long-term strategic view, as opposed to a short-term tactical view. Long-term, SPY and QQQ are bullish, but the S&P 1500 is still majority bearish. Short-term, SPY and QQQ are