S&P 500 Coppock Curve Points Raymond James Toward Gains

Gains for U.S. stocks have been foreshadowed by the S&P 500 Index’s Coppock Curve, according to a report Tuesday by Jeffrey Saut, Raymond James Financial Inc.’s chief investment strategist. The indicator uses monthly data to show how fast share prices are rising relative to 11 months and 14 months earlier. A buy signal occurs when the gauge begins rallying from a below-zero reading, which happened in May. The Coppock Curve turned positive in July.