Can US Equities Break-Out?
Wednesday, July 25th, 2018 Categories: Global Equities
They may have done so already
Technical analysts are waiting for US equities to hit a new all-time high. Our model suggests that they have already broken above an important moving average relative to the total returns from cash. In local currency terms, the Eurozone, the UK, Switzerland, Australia and Canada have all done the same in the last month. Alas, Japan, China and most EMs are still a long way from the level.