The trend for the equity market remains favorable. No signal changes since last week’s post. However, I am keeping an eye on inflation. The following chart is the Ned Davis Research Inflation Timing Model. My go-to inflation indicator. The model consists of 22 indicators that primarily measure the various rates of change of such indicators…

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No material changes since last week’s update: the weight of technical trend evidence remains bullish for equities, high-quality fixed income and gold. High yield bond prices continue to trend higher though modestly. My favorite recession watch indicators continue to signal no recession in the next six months. Further below, you’ll find the Ned Davis Research…

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No material changes since last week’s update: the weight of technical trend evidence remains bullish for equities, high-quality fixed income and gold. High yield bond prices continue to trend higher. The CMG Managed High Yield Bond Program remains in a buy signal. Recent concerns about an imminent U.S. recession have appeared to fade. At least…

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