Stock Market Signal: Only Four Times in Last 90 Years
Chris Ciovacco
Chief Investment Strategist | Personal Portfolio Manager | Financial Markets Research | Independent Investment Advisor
This week's stock market video covers nine new stock market signals, including a rare event that has only occurred three previous times. How did stocks perform in the historical cases looking out months and years?
The Evidence Has Been Improving
In a criminal case, jurors want to see the weight of the evidence evolve over the course of the trial. A weight-of-the-evidence approach works in a similar manner when assessing the evolving risk-reward profile of the S&P 500. As shown below via the topics covered between May 18 and July 11, the weight of the evidence has clearly evolved along a bullish path:
Debt Ceiling?- Market Does Not Look That Bad.
S&P Profile?- Looks More Like Bullish Periods vs. Bearish Periods.
Sector Strength?- Better Than Most Believe.
Stocks vs. Bonds?- Bullish Look.
Multiple Timeframes?- Converging In Bullish Manner.
Volume?- Institutions Are In No Rush To Sell.
Recession?- Charts Not Screaming Economic Contraction.
Long-Term Odds?- Secular Trend Look.
Rally Broadening - It Is Not Just A Few Tech Stocks
Moving on to the next stage of life!
1 年Excellent analysis this week and every week!
CPA
1 年Thank you Chris and Kathy for your tireless work !