The U.S. stock indexes have been trending higher since early May and in late July hit new highs for the year. So much for the old stock market adage, “Sell in May and go away.” Generally upbeat quarterly corporate earnings reports, inflation levels that are trending lower and improved consumer confidence readings in recent months are all bullish elements fueling the stock market rally. Importantly, the present price uptrends in the stock indexes have been unassuming and with low volatility. Those are clues the uptrends can continue in the coming weeks—at least until early September. Veteran stock market traders know the months of September and October can be rocky for the equities market. Stay tuned! Jim Wyckoff