Uptrend Continues: Assessing the Market's Behavior and Portfolio Opportunities

July 30 2023 - Update

My quick update for the week:

Looking at the SP500 Equal Weight, I regard it as the most useful index for assessing the overall market behavior, and it still shows an uptrend. While I sense a pause may be approaching soon, I can only evaluate the chart in front of me, which still indicates an uptrend.

Economic data suggests that a recession is unlikely, a…