From an index point of view, it’s been about as flat a week as you can get, with everything from big-cap to small-cap, growth to value all within 1% of where they started the week.
Not surprisingly, not much has changed with our thoughts: There are many small positives out there, including some positive-by-a-hair indicators (new lows on the NYSE, the intermediate-term trend, our Aggression Index, etc.) as well as a bunch of setups among many stocks and sectors out there. Heck, the fact that the S&P 500 itself recouped 95% of its February-March decline (including the bank panic) is encouraging, and it’s getting hard not to notice the huge amount of pessimism out there.