 | We might have seen at least a short-term bottom in the market last month.
It’s far too early to say, but since mid-June, the S&P 500 has been trading in a tighter range.
That doesn’t sound like much, but after three continuous months of bear market declines, not falling further is a win.
We’ll see.
I’m not ready to call the official bottom. Until the market proves otherwise, I think it’s only prudent to stick with what is working: low-volatility dividend workhorses.
And this staple stock just showed up on our Stock Power Ratings radar again. 
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Chart of the Day Markets forecast recessions.
Stock market weakness signals economic weakness. So does a decline in long-term interest rates in the bond market.
The U.S. dollar is also an economic indicator, and it’s at a 20-year high.
The strength could be due to rising short-term interest rates and worries about the global economy.
Click here to see why today’s chart is another recession warning.  Suggested Stories: Traders Believe Inflation Is Transitory: The 5y5y Agrees
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| 
1969: At 4:17 p.m. Eastern time, Neil Armstrong went for a late afternoon stroll on the moon. The event was broadcast live on TV to a worldwide audience as Armstrong’s famous “one small step for man, one giant leap for mankind.” After Armstrong became the first, Buzz Aldrin joined him 19 minutes later, and the two spent just over two hours exploring the surface of the moon. | |
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