Weekly MOTR Report (WMR): “Like 2011, 1994 provides an encouraging analogue.”

This Week's Highlights

  • As with 2011, the 1994 analogue provides a bullish projection for the current market into 2024.
  • The similarities include surging interest rates, plunging market breadth, and a remarkably resilient performance from large caps.
  • Importantly, in contrast to most historic periods of poor market breadth, which normally end badly, the 1994  analogue ended quite well.
  • Nonetheless, we must see the S&. . .

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