Creating New Bears

JC Parets
July 9, 2021

When there aren't any bears left, the market has a funny way of creating new ones.

That's been one of the biggest questions from me over the past few weeks. Where did all the bears go?

Meanwhile, which asset class have investors been piling into the most this year?

We're seeing the lowest amount of bond exposure in my entire life!

And the highest stock market exposure in decades!

The break in yields this week is a big one.

Here's a long-term look at that key 1.4% level in the 10-year. And then the zoomed in look at the past week.

Looks like a big break to me:

Our upside objectives have been met in many of the most important stock market indexes. Meanwhile, bonds have been breaking out.

Messy for longer remains the message of the market.

Monthly Strategy Session

If you haven't gone through the video of this week's call, make sure to head over to the members section and give it a watch. You can also download all of the slides there as well.

Monthly Charts Strategy Session July 2021

Ping me to let me know what you think!

 

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