21 Jun 2018
Investing
June 21, 2018 glacierinvest

In spite all of the market angst earlier in the year, the S&P 500, NASDAQ and Russel 2000 never broke trend (50 DMA dropping below 200 DMA).

On the international front Developed Markets are right at trend (50 DMA = 200 DMA) while emerging markets just broke trend this week, potentially implying further downside from here. This isn’t really surprising given the strengthening dollar trend coupled with increasing concerns over a trade war.

I know valuations look more attractive overseas, but the trend is definitely looking more favorable in the US.

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