AT&T, Philip Morris, Verizon, 3M company, AbbVie and Hasbro earnings discussion

Introducing the P H A N T V M index.

This past week was illuminating. Even with the S&P trading down more than 2% on the week at one point, almost 50% of companies advanced throughout the week. On Wednesday when the S&P was down almost 100 points tip to tail intraday there were more than 40% members of the index advancing. Looking at the heat map the major decliners were all concentrate…