Charting the S&P 500’s break to ‘clear skies’ territory
July 12, 2016 at 12:43 PM EDT
U.S. stocks are off to a strong third-quarter start, with each major benchmark reaching less-charted territory. Notably, the prevailing rally has been underpinned by statistically unusual, and distinctly bullish, market internals, laying the groundwork for potentially material incremental follow-through.