The United States is just 120,000 jobs away from recovering all losses from the Great Recession!
On Friday, May 2, the S&P 500 closed @ 1881, and that was...
+5.9% ABOVE its 12-Month moving average which stood @ 1777.
+5.5% ABOVE its 40-Week moving average which stood @ 1783.
+1.2% ABOVE its 10-Week moving average which stood @ 1859.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
On Friday, April 25, the S&P 500 closed @ 1863, and that was...
+6.2% ABOVE its 12-Month moving average which stood @ 1755.
+4.8% ABOVE its 40-Week moving average which stood @ 1778.
+0.5% ABOVE its 10-Week moving average which stood @ 1855.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
Tax cuts can create incentives for individuals to work, save, and invest, which can generate more revenue.
The most dramatic decline in the top individual income tax rate, from 70 percent to 28 percent, occurred during the Reagan Administration, during which tax receipts remained relatively constant as a share of the economy.
PERCENTAGE OF GDP
On Friday, April 18, the S&P 500 closed @ 1865, and that was...
+6.3% ABOVE its 12-Month moving average which stood @ 1755.
+5.1% ABOVE its 40-Week moving average which stood @ 1774.
+0.7% ABOVE its 10-Week moving average which stood @ 1852.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
On Friday, April 11, the S&P 500 closed @ 1816, and that was...
+3.8% ABOVE its 12-Month moving average which stood @ 1749.
+2.4% ABOVE its 40-Week moving average which stood @ 1773.
-1.8% BELOW its 10-Week moving average which stood @ 1849.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
On Friday, April 4, the S&P 500 closed @ 1865, and that was...
+6.3% ABOVE its 12-Month moving average which stood @ 1755.
+5.7% ABOVE its 40-Week moving average which stood @ 1765.
+1.3% ABOVE its 10-Week moving average which stood @ 1842.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL
and the LONG-Term trend is UP.
In 2007, the last year for which we have data, according to the Census Bureau, there were 21.7 million businesses in the United States with no employees—meaning they were sole proprietorships, or free-lance businesses employing only their owner.
Of the 6 million remaining businesses in the U.S., more than 3 million had 1 to 4 employees, and 1 million had 5 to 9.
So, all in all, small businesses run by 1 person employing fewer than 10 numbered an astonishing 25 million.
On Friday, March 28, the S&P 500 closed @ 1858, and that was...
+7.3% ABOVE its 12-Month moving average which stood @ 1732.
+5.7% ABOVE its 40-Week moving average which stood @ 1758.
+1.2% ABOVE its 10-Week moving average which stood @ 1835.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL
and the LONG-Term trend is UP.
On Friday, March 21, the S&P 500 closed @ 1867, and that was...
+7.6% ABOVE its 12-Month moving average which stood @ 1734.
+6.5% ABOVE its 40-Week moving average which stood @ 1752.
+1.8% ABOVE its 10-Week moving average which stood @ 1833.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL
and the LONG-Term trend is UP.
On Friday, March 14, the S&P 500 closed @ 1841, and that was...
+6.4% ABOVE its 12-Month moving average which stood @ 1730.
+5.4% ABOVE its 40-Week moving average which stood @ 1746.
+0.6% ABOVE its 10-Week moving average which stood @ 1830.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL
and the LONG-Term trend is UP.
On Friday, March 7, the S&P 500 closed @ 1878, and that was...
+8.2% ABOVE its 12-Month moving average which stood @ 1736.
+7.9% ABOVE its 40-Week moving average which stood @ 1741.
+2.7% ABOVE its 10-Week moving average which stood @ 1829.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL
and the LONG-Term trend is UP.
A 5-year anniversary should give pause to anyone who lends much credence to stock market history.
Going back to 1921, the current bull market's rally is only 2 percentage points shy of the average performance. And the average bull market has lasted only 6 weeks longer.
The median bull-market return and duration are +115.4% and 50 months, respectively—leaving the current bull market looking long in the tooth indeed.
On Friday, February 28, the S&P 500 closed @ 1859, and that was...
+8.7% ABOVE its 12-Month moving average which stood @ 1710.
+7.2% ABOVE its 40-Week moving average which stood @ 1735.
+1.8% ABOVE its 10-Week moving average which stood @ 1826.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL
and the LONG-Term trend is UP.