Outlook
See the Outlook & Allocations page for more details on these summaries
STOCKS: Weak sell
We're in an extremely speculative environment that is enough to suggest a defensive posture. Internal breadth and momentum have mostly remained positive, so a more strenuous sell wouldn't trigger unless that changed.
BONDS: Weak buy
Various parts of the market have been hit in recent weeks, with mild oversold conditions. The Bond Optimism Index is now about as low as it gets during healthy bond market environments.
GOLD: Weak buy
A dollar trying to rebound from a severe short position has weighed on gold and miners. The types of signals they've given in recent weeks, within the context of their recent surge, have usually resulted in higher prices over a medium- to long-term time frame.
