The latest reports show too many bullish investors.
This is the first important sign the market may be close to a period of consolidation.
This is just one measure of markets excess. But I do not like to rely on just one indicator. My long-term market forecasts use information about employment growth, financial risk, short-term interest rates, corporate bond yields, corporate profits, and growth in monetary aggregates. All this measures are closely related to the business cycle.
To predict the near term market outlook, I use the 4-month cycle and many technical indicators monitoring the progress of the market.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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