Like many people I speak with, I’m “mentally bearish”. The stock market is rallying, the Nasdaq nearing is new highs, while retails sales and industrial production are plummeting and we have 36 million unemployed. None if this “gels” with me. But I’m a technical trader and I don’t want to fight the tape. So what […]
Tag: bull and bear market
Don’t Be Bearish In The Longest Bull Market
In today’s blog post I look at the bull market from the perspective of a market that has just made a new all-time high and examine whether a more bearish stance is warranted here. New highs for the longest bull market Unless you’ve been off the grid for the past week, you will have heard […]
The Most Important Number In Finance
The most keenly watched interest rate in the world is stirring things up. The 10-year US treasury (10yr UST) yield is arguably the most important number in finance. It is the de-facto global “risk-free” interest rate used in financial calculations across the world (the rate of return that theoretically bears no credit risk). The chart […]
Another Bullish Sign For US Stocks
While many analysts have been busy calling for a top in US equity markets, I have remained bullish. I maintain that markets will push to highs and valuation levels that will seem crazy before the next big bear market troubles us. Broad-based rally All the major US equity indexes – the S&P500, the Dow […]