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Daily Report : An exceptionally strong time for developed markets

Jason Goepfert
2024-09-04
At the end of August, every major developed market was above its 50-day moving average with a rising 200-day moving average. This is a rare sign of global stock momentum and has been an excellent sign for investors not just in the U.S. but across the world.
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Headlines

An exceptionally strong time for developed markets: At the end of August, every major developed market was above its 50-day moving average with a rising 200-day moving average. This is a rare sign of global stock momentum and has been an excellent sign for investors not just in the U.S. but across the world.

Smart / Dumb Money Confidence

Smart Money Confidence: 55% Dumb Money Confidence: 71%

Risk Levels

Stocks Short-Term

Stocks Medium-Term

Bonds

Crude Oil

Gold

Agriculture

Research

An exceptionally strong time for developed markets

By Jason Goepfert

BOTTOM LINE
At the end of August, every major developed market was above its 50-day moving average with a rising 200-day moving average. This is a rare sign of global stock momentum and has been an excellent sign for investors not just in the U.S. but across the world.

FORECAST / TIMEFRAME
VEA -- Up, Medium-Term

Sentiment Risk On / Risk Off Overview

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Indicators at Extremes

Click here to view on the site (% Extremes and "Excess" tabs on the dashboard).
% Showing Pessimism: 11%
Bullish for Stocks
Inverse ETF Volume
VIX
VIX Term Structure
OEX Open Interest Ratio
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 33%
Bearish for Stocks
NYSE High/Low Ratio
Dumb Money Confidence
% Showing Excess Optimism
Intermediate Term Optimism Index (Optix)
AIM (Advisor and Investor Model)
Rydex Money Market %
Rydex Ratio
Rydex Bearish Flow
Retail Money Market Ratio
SKEW Index
OEX Put/Call Ratio
Options Speculation Index
Equity Hedging Index
AAII Allocation - Stocks
NAAIM Exposure Index
AAII Bull Ratio
Mutual Fund Cash Level
NYSE Available Cash
Equity / Money Market Asset Ratio

Phase Table

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Ranks

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Sentiment Around The World

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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