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Not a downtrend in sight

Jason Goepfert
2020-12-04

Every major industry is now in an uptrend. While that sounds like it should scream "excess!", it's been more of a sign of healthy participation than it does anything resembling excess.

Some specific sectors, like financials, don't respond well when every stock is in an uptrend, but the broader market has done just fine, thank you. The Backtest Engine shows the S&P was higher 2/3 of the time over the next 3 months.

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Risk Disclosure: The information and tools provided are for research and analytical purposes only and are not intended as investment advice. Market analysis involves uncertainty, and outcomes may differ from expectations. Users should conduct their own due diligence and consider their individual circumstances before making any financial decisions. Past performance is not necessarily indicative of future results.

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