Highlights
- The recent Zweig Breadth Thrust (ZBT) has lit a flame of hope that the worst is behind us, further greasing the 'slope of hope' that keeps investors from reducing risk exposures.
- While the ZBT is based on sound reasoning, the fact is that it has only happened 17 times since the 1940s, falling well shy of the sample size needed to validate such studies.
- Our framework, the Risk Gauge, is limited to five inviolable inputs that must be. . .