Ed Yardeni's Fundamental Stock Market Indicator ((FSMI) remains in bullish territory, but...

|By:, SA News Editor

Ed Yardeni's Fundamental Stock Market Indicator ((FSMI) remains in bullish territory, but continued deterioration in 2 of its 3 components - jobless claims and the CRB index (GCC -1.4%) - may not bode well for the future. Particularly interesting, he notes, is the strong performance of Consumer Discretionary (XLY) and  Staples (XLP) stocks despite surging gasoline prices.