Worth keeping an eye on prices paid indexes in regional Fed PMIs … both Philadelphia (orange) and Empire (blue) components have had strong bounces (but are still well off highs) pic.twitter.com/UaJGdMktdr

Huge gap opening up between new orders components in ⁦@philadelphiafed⁩ (orange) and Empire (blue) Manufacturing indexes, with former soaring and latter stuck in contraction pic.twitter.com/ppU2ztRd6D

Stocks keep opening up green, but finishing red. This isn't what you want to see. Thanks @jsadinolfi for sharing my thoughts in @MarketWatch today. www.marketwatch.com/livecoverage/stock-market-today-dow-futures-gain-as-netflix-earnings-eyed/card/is-this-a-clue-that-the-bulls-are-losing-control-of-this-market--JgVlamLyc5IG4zRXsMLo

S&P 500 up 27.9% the past 12 mos, but also higher YoY each of the past 12 mos. What happens after positive YoY 12 mos in a row? Ultimate streak goes to nearly 30 mos on avg. Returns 1, 3, 6, and 12 mo later are about avg. Bottom line, long streaks like this aren't bearish. pic.twitter.com/mglNqwnjRE