Navigating markets this week.
Vanguard doesn’t expect a rate cut in 2024. We expect 1.
S&P 500: % of stocks above the 200ma is showing overbought conditions
If you are going to allocate to tech, focus on AMD NOW
Gold, Brent Crude and Commodities are all trending higher.
Spreads are extremely tight
USD is stable
Bitcoin continues to lead and has the highest sharpe ratio. We’ve been pounding the table for years.
Want to connect? Email us at gmgmacroresearch@gmail.com
% of stocks above the 50d is a flashing overbought signal.
