investmentwatchblog.com / January 28th, 2013
Bank Of America Sees First Signs That The Rally Could Reverse
The S&P 500 has been grinding steadily higher in 2013 as no real bearish catalyst has yet given investors reason enough to sell stocks.
For weeks, while Wall Street strategists have mused that this may be the beginning of a “Great Rotation” out of bonds and into equities, they’ve also warned that a correction is near.
…
The chart below shows that historically, 1.8 standard deviations is typically a level where selling reverses, according to Cochinos, which means one big source of dollar weakness, and hence, strength in risk assets, may soon be removed from the market.
Recent Comments