CTAS

Was the Stock Market “Oversold Enough”? – The Market Breadth

AT50 (MMFI) once again avoided breaking the oversold threshold. Its sharp rebound set a new high for the year.

Stock Market Commentary The week opened with market breadth dropping to within five percentage points of the oversold threshold. This was the closest encounter with oversold since late October, 2023. The stock market never looked back from there. A favorable mid-week inflation report helped propel the stock market with the assistance of declining long-term bond … Read more

Cintas anticipates a “a slow and lengthy” jobs recovery

While unemployment seems to have crested, the outlook for jobs growth is as dark as ever. Cintas (CTAS), a maker of work uniforms, reported disappointing earnings yesterday evening and provided a dour outlook on the jobs market: “We anticipate that when job recovery does occur, it will be a slow and lengthy process. In addition, … Read more