boring bears

In this video we look at the seemingly boring bearish signals that are mounting for stocks. The basic conclusions being US cyclicals look overvalued and out of time, small caps likewise look richly valued with easing earnings momentum, and volatility is extremely low with the VIX trading below 5 different fundamental models we track.  While it could take some time for this much-predicted correction or bear market to show up, it is fair to say the risk/return balance is shifting.

The report in question can be found here: https://www.topdowncharts.com/single-post/2017/09/29/Weekly-Macro-Themes---29-Sep-2017



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