Wednesday, November 11, 2015
Global Momentum Is To The Downside
Every country. Every risk asset class. Is rolling over. U.S. stocks making new highs today: 54. New lows 164. The only U.S. index to make a new high: the Nasdaq 100, which has now reversed back below the prior high set in July (see below). Emerging Markets, commodities, commodity stocks and retail stocks are leading the way down...
In other words, the brick wall stands:
Posted by Mac10 at 6:30 PM