Tuesday, June 2, 2020

New Bull Market??

Like I said in the intro to this morning's quote of the day, the market internals (as well as the macro data) we track do not remotely signal that the bear market is anywhere near over (although, of course anything's possible).

Nor do those referenced below by the Leuthold Group. Not remotely, to say the least:  
"Is this a 1st leg of new bull market or 2nd-largest bear rally of 125 yrs? The March low was 0-for-5 w/ conditions typical at cyclical bear lows. And the 30% surge off the low met 0-of-3 dynamics that usually accompany the 1st leg of a bull market. 0-for-8 is not encouraging."
click to enlarge...

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