No. of Recommendations: 13
Unsurprising update: the Naz has thrown the first bearish 99D/DBE signal of the major indexes. The SMA slopes are still positive but are starting to roll over.
Overall signal state - very bearish with a couple of oversold indicators for the VERY nimble on a short bottom fish. PPO (regularized MACD) is increasingly negative across the board, although not yet at 2022 lows.
GTAA: every asset class is now crossed or crossing below its 33 or 26 week moving average, including bonds especially high yield, except?... CASH. That's the signal.
FC
