Weekly MOTR Report (WMR): “High Beta Overbought, But Confirming.”

Headlines

  • As we ponder the potential for a Santa Claus rally to cap off the year, the Risk Gauge is staging one more effort to enter 'Risk On'.
  • We've been here several times since the 2021 peak, but lack of real fundamental drivers has failed to compel the broad market higher.
  • To be sure, although conditions haven't been broadly bullish for a number of years, they haven't been bearish either (save for a couple episodes).
  • For now, we remain bullishly. . .

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