The “carry trade” works as a mechanism for buying U.S. stocks as long as the U.S. Federal Reserve remains committed to its zero percent rate policy.

Here is a preview of the monthly moving averages I track after the close of the last business day of the month. All three S&P 500 strategies are now signaling "invested" -- unchanged from last month.

Here is a preview of the monthly moving averages I track after the close of the last business day of the month. All three S&P 500 strategies are now signaling "invested" -- unchanged from last month.

Higher-yielding bonds have widened their spread against Treasuries. If you have been willing to take the risk associated with “high yield,” do so in the context of exchange-traded vehicles that actually mature like individual bonds.

Here is a preview of the monthly moving averages I track after the close of the last business day of the month.

U.S. corporate earnings growth has slowed. Heck, if you are looking at companies in the Dow Industrials, earnings have actually declined for three of the last four quarters. Yet record highs for broader U.S. stock benchmarks continue stealing the headlines.