Daily Charts - Stocks look to be at a turning point vs gold
1.Stocks look to be at a turning point vs gold
(i.e. gold looks set to start outperforming vs stocks…)
and p.s. the way that can happen is either by gold surging faster and further than stocks, or by gold holding steady and stocks dumping $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Gold - main 2504(GCmain)$
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2.AAII "Bearish Sentiment" surged to the 7th Highest reading ever at 60.6%
You know what that means...
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3.Equity + Credit Markets
-different parts of capital structure
-but one key thing in common
-cycle looks kind of peaky
-valuations expensive
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4.Do NOT Concentrate 🥴
When it comes to stockmarket performance the more concentrated the index becomes, the more attractive it is to sail in the opposite direction of cap-weighted strategies and go for equal-weighted 🤔
Probably a lot of this is the result of the dot com bubble and early-1980’s oil boom, but it’s not the only analysis on this issue...
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