Global breadth continues to expand, particularly within Developed Markets, as 81% of the 22 developed markets I track are now above their 200-day moving average.
My Risk-On/Risk-Off ratio has sharply declined recently and returned to levels when the ratio peaked and fell into a consolidation period back in 2021.
Bearish market sentiment continues to rise, with our Average Bears indicator reaching 38.8 last week. Meanwhile, the S&P 500 index achieved a weekly all-time high...