From the desk of Steve Strazza @Sstrazza
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.
Our last RPP report took a high-level look at the initial damage endured by the recent selloff.
This past week, we saw follow through on that weakness. That means we’ve got to take a deeper look at how the most important assets in the world have held up.
For the first time off the March lows, we’re starting to see a change in character in the way that the market corrects. Particularly Equity Markets, so that will be our focus this week.
Ultimately, while the primary trend remains higher, recent developments have forced a more cautionary short-term outlook. Let’s dive into it!