Equity market cycle recovers to new highs with participation broadening

Short-term S&P 500 technical indicators are overbought following its 13 percent rebound, but we view the strength of the advance-decline lines near cycle highs and the bottom in Technology following its Q4–Q1 correction as reasons to remain cautiously optimistic.

Regional developments

Canada’s inflation rate jumps to 2.4%, and households rein in travel plans on higher costs; Software performance in the U.S. bounces back with its strongest week in 25 years; Middle East crisis starts to take its toll on Europe and UK; Semiconductor demand supports South Korean GDP and equities rally.

Please take some time to review the Global Insight Weekly.

Feel free to contact me with any questions and/or to discuss investment ideas.

I appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals