02 Mar 2018
Investing
March 2, 2018 glacierinvest

As you’ve surely read by now, February was the first losing month for all asset classes (except cash) in over two years. That’s quite a remarkable run of returns and low volatility for all asset classes.

A quick look at longer-term trends for US large cap, small cap and tech stocks shows all three are approaching their 12-month simple moving average trend lines. While there is no silver bullet sell signal, this is a fairly widely known and followed indicator so any break in trend could end up being somewhat of a self-fulfilling prophecy.

As of right now, small cap stocks are the closest to breaking trend at 2.4% above the 12-month simple moving average. Large cap stocks are 4.4% above trend while tech stocks are 8.8% above trend.

 

 

 

 

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