Risk is greatest when we all understand why the market is doing what it is doing. Right now, with most confounded by why the market has been so strong, the risk of a top seems low to us.
Monthly MOTR Checkup Video: “When is it ever not confusing? At the TOP!”
August 18th, 2023
Related Market Insights
Some of Our Latest Commentary
Charting My Interruption (CMI): “The Impact of 10-yr Treasury Yields Above 5.0%.”
Highlights The 40-year secular bull market in bonds ended in 2020 when 10-year sovereign bonds persistently traded with negative yields.
Weekly MOTR Report (WMR): “Mega Caps Faltering vs Small Caps.”
Highlights Despite widespread concerns about rates, oil, deficits, valuations, and seasonal weakness, the equally weighted MOTR Risk Gauge remains broadly
Weekly Risk Gauge (WRG): “ST Downticks, Looking for Pullbacks.”
Highlights Major indices posted a second consecutive week of slight gains, while the Short-Term Risk Gauge downticked. Health Care continued
Monthly MOTR Checkup (MMC): “Keep Calm and Carry On!”
“Keep Calm and Carry On!” Despite all the macro concerns, and even with the impending seasonal market weakness of September,
Weekly MOTR Report (WMR): “Momentum’s Achilles’ Heel on Display.”
Highlights Leadership appears to be rotating within cyclical sectors, not toward defensive groups, consistent with MOTR’s current “Risk On” assessment.
Weekly Risk Gauge (WRG): “A Familiar Face Back in Leadership.”
Highlights The Risk Gauge downticked one notch in the Short-Term but remains 'Risk On' across all time frames, potentially heading