In the last article, I discussed the likelihood of rotation in the stock markets even as bigger trends continue to advance. While the market leaders in the tech heavy Nasdaq issues held mainly firm, conspicuous strength rotated into a number of other emerging sectors. As discussed last year, the surprising strength of the consumer economy … Continue reading Trends And Rotation
copper
Cycles And Rotation
Classical models of market activity hold that there are predictable cyclic rotations in the equity markets. We are familiar with the overlapping sine waves of market segments as they progress through their stages of growth and decline. In broad brushstrokes, as leading industries such as financials mature, we would expect to see robust economic activity … Continue reading Cycles And Rotation
Base Metals
Most of the news activity surrounding the stock market recently has revolved around the continued strength, or not, of the high profile tech stocks including Amazon, Tesla, Apple etc. In the meantime there has been conspicuous and steady accumulation in another, considerably less exciting area: base metals. Using the Base Metals ETF as a proxy, … Continue reading Base Metals
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