- Both our Risk Gauges and traditional measures of breadth are close to endorsing the market's bullish message as being the truth, finally.
- We still have more work to do, but our Risk Gauge and Trend Stage models lead us to expect that in time, breadth will inflect positively, opening the barn door to the next bull market.
- If this is correct, then any weakness from here should be confined to 5-7% at the index level, a stark improvement from overbought selloffs of the. . .