The Percent of global markets trading above their 50-day average is faltering. It’s dropped to 78% (83% for Developed Markets & 74% for Emerging Markets). Below 70% is a warning for the market, below 40% is usually bad news.
Check out the Chart:
Expert technical analysis of financial markets by JC Parets
by JC
The Percent of global markets trading above their 50-day average is faltering. It’s dropped to 78% (83% for Developed Markets & 74% for Emerging Markets). Below 70% is a warning for the market, below 40% is usually bad news.
Check out the Chart:
by Willie
It’s late-January. We’ve rung in the New Year. Christmas decorations are put away. We’re settling into the late winter slog of cold & snow.
In my reading on this morning (a cold & snowy one in Milwaukee), I came across the following passage:
“You see, Rodya, to make a career in the world , it’s enough, in my opinion, if you always observe the season; don’t ask for asparagus in January, and you’ll have a few more bills in your purse; the same goes for this purchase. The season now is summer, so I made a summer purchase. . .”
It’s from “Crime and Punishment” by Dostoevsky. Since it’s a Russian novel, explaining exactly who is talking, who is being spoken to, and the overall context would take too much time. But I’m quite sure that we can look at what is being said on its own and glean some wisdom.
by Willie
It’s not a new chart – in fact it makes the rounds on a fairly regular basis.
The iteration I saw this week showed the relationship between global money supply, stocks and high yield bonds over the past five years. The trend for all three was the same – up and to the right, with early 2021 bring a fresh round of new highs.
For whatever reason, my first thought on seeing this version was that Wu-Tang Clan had it right all along.
by JC
In case you missed it this week, our team just got a whole lot better. Willie Delwiche is officially part of the Allstarcharts Team. We couldn’t be more excited to have someone with his experience adding to the conversations we’re already having every day.
To no surprise to any of us, Willie is already hitting the ground running with some excellent perspective on current market sentiment, valuations and breadth.
Here’s what he had to say today,
Stocks are historically expensive, but this is offset by ample liquidity being provided via monetary policy (and to a lesser extent the hope of additional fiscal stimulus). Investor sentiment is heavily tilted toward optimism and complacency. This becomes a more acute concern when market momentum is faltering and/or rally participation is narrowing. That is not currently the case, as an increasing number of markets have broken out of bear markets that stretch back to 2018 or earlier”
by JC
I’ve already told you I have big plans in the works for 2021. Our team is growing fast – and this year, we’re excited to bring you even more insights and analysis from some of the best minds in the business.
Today, I’m proud to announce that we’re adding two decades of market knowledge and experience to the All Star Charts squad.
Meet Willie Delwiche. If you’re on Twitter, you’ve no doubt seen his work. (If not, drop him a follow @WillieDelwiche.) Or maybe you’ve read his commentary in The New York Times, Barron’s, Kiplinger’s, or Bloomberg BusinessWeek.
Willie built a monumental 20-year career at RW Baird helping advisors navigate the markets and manage risk. Not only is he a CMT, Willie is also a CFA charterholder. (Don’t worry – we don’t hold that against him!)
You’ll be hearing a lot more from Willie in the weeks ahead. I’m thrilled to play a part in the relaunch of Willie’s highly-respected research he has honed through his years of experience writing to and talking with Financial Advisors and their clients.
In fact, we’re already getting started . . .
I’m pleased to announce we’re rolling out Willie’s full suit of institutional-level research and analysis exclusively for All Star Charts subscribers.
Upgrade your subscription to All Star Charts PLUS, and you’ll receive:
Supercharge your All Star Charts membership with Willie’s research today.
Be sure to keep an eye out in the weeks ahead for Willie’s work. You won’t want to miss any of his critical market insights.
Note: If you’re already a Premium Member, just contact Peter and he will set you up with a deep discount for your upgrade.