Two weeks ago I highlighted how history shows that the stock market only bottomed after recessions have begun (see How to spot the stock market bottom) and a recession is likely on the way in H2 2023. If that is the case, U.S. equities should bottom at some point this year and a recovery should...
Mid-week market update: I am publishing this before the market close on Wednesday because I have an appointment just before the close so many of the charts won't have Wednesday's closing prices. The market structure continues to be bearish, and I continue to believe that the intermediate-term trend is down. Nevertheless, it's too obvious to...
Preface: Explaining our market timing models We maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term market timing model based on the research outlined in our post, Building the ultimate market timing model. This model tends to generate only a handful of signals each decade. The Trend...
Now that the market has had over a week to absorb the implications of the last Fed rate decision and incoming data since the meeting, here is where we stand. The Fed made an important change in its statement that hinted it was preparing to pause interest rate increases. Even though the Fed raised...
Mid-week market update: The S&P 500 remains mired in a trading range, and neither the bulls nor the bears can gain the upper hand. Here are the bullish and bearish reasons why the market can't break out of that range. Bull case Part of the bull case rests on excessively...
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