From the desk of Tom Bruni @BruniCharting
For most of this year we’ve been writing about the overwhelming amount of bullish evidence for US Equities, however, as part of our “weight of the evidence” approach we’re always questioning our thesis (i.e. here and here).
In today’s post I want to share that exercise as I perform it, outlining some current concerns and what the market would potentially look like in an environment where stocks as in the US as an asset class are falling. We’re going to stick with our top-down approach and start with International Equities and inter-market relationships, then drill down into specific examples that help illustrate what we’re talking about.