The path of maximum frustration continues for equities

After two busy weeks on the economic data front, this coming week looks to be somewhat lighter which may just allow stocks to make a better directional move.
The stock market is here to frustrate most investors, most of the time – which I often refer to as the path of maximum frustration. Simply being aware of this very fact can dramatically alter how investors approach the market and should help instill more patience.
Speaking of patience, after more than one month – i.e., for all of 2015 thus far – the S&P 500 remains stuck in a well-defined range between 2,065 on the upper end and 1,990 on the lower end on a daily closing basis.

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