LARGE CAP TECHNOLOGY: WARNING SHOT ACROSS THE BOW In my opinion, every Wall Street analyst (technical or fundamental), investment strategist or economist needs some type of defined guideposts to aid in making a new decision or confirming a current decision.
Our ETF Rank Quickview is designed for financial advisors who use tactical or trend following approaches while investing. Included you will find bullet points on market activity, a ranking of trending asset classes, as well as, intermediate and long-term trend signals.
U.S. Equity indexes hit all-time new highs last week, although it may be interesting to note that only 70% percent of members within the S&P 500 are participating in the rally compared to 85% since January.
The market reacted in a meaningful way last week to the political drama coming from the White House, suffering the biggest one day drop in eight months, setting the market on edge. However, now that a special prosecutor has been named who has subpoena power, rumors should subside since he has THE power to go to the rumor source (think insider trading). By Friday, the market gained back almost all of the selloff, ending down 0.32%.
Portfolio Management and Cash Today’s S&P 500 is one of the three most overvalued markets in U.S. history based upon a number of metrics, including price-to-GDP, price-to-sales, price-to-book value and the CAPE (Cyclically Adjusted PE).
Money Market ranks 43 for the week ending 4-28-2017 with US Equities, Europe and Developed Markets leading the pack.