The Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on the "Rankings", and "Trading Logs" pages.
Trading signal occurs in RSP model portfolio: Sell FCNTX, Buy 42626
Stocks closed broadly lower on inflation and tariff concerns. On Wednesday, President Trump announced a 25% levy on all non-U.S.-made automobiles, which rattled investors' confidence. Adding oil to the fire, the Bureau of Economic Analysis reported on Friday that the core personal consumption expenditures (PCE) price index rose 0.4% in February, up from January’s reading of 0.3%. On a year-over-year basis, the core PCE rose 2.8%, remaining well above the Fed’s long-term inflation target of 2%. The S&P 500 fell by 1.53% for the week, closing at 5580. The Dow Jones Industrial Average shed 0.96%, and the Nasdaq Composite plunged 2.59%.
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| The weekly chart of the S&P 500 index |
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