Published Wed, 06 Mar 2019 02:36:01 -0500 on Seeking Alpha
With the month of February now officially in the books, we can take a look at our long-term monthly indicators to see what they are telling us now.
Is the bull market back? That's the answer we all want to know.
Each week on RIA PRO, we provide an update on all of the major markets for trading purposes.
However, as longer-term investors and portfolio managers, we are more interested in the overall trend of the market. While it is fundamental analysis derives "what" we buy, it is the long-term "price" analysis which determines the "when" of the buying and selling aspects of portfolio management over the long term.
For us, the best measures of the trend of the market is through longer-term weekly and monthly data. Importantly, when using longer-term data, these signals are only valid at the end of the period. It is not uncommon for signals to be triggered and reversed during the middle of the period, which creates "false" signals and poor outcomes. Since we are more interested in discerning changes to the overall "trend" of the market, we find monthly indicators, which are slow-moving, tend to reveal this more clearly.
In April of last year, I penned an article entitled "10-Reasons The Bull Market Ended," in which we discussed the yield curve, slowing economic growth, valuations, volatility, and sentiment. While volatility and sentiment have gone back into complacency, the fundamental and economic backdrop has deteriorated further. Had you heeded our warning then,... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|CORNERSTONE TOTAL RETURN FUND||10.97||0.0||0.00||2.80||23.26|
|VANGUARD EXTENDED DURATION TREASURY ETF||121.58||0.0||0.00||0.00||2.70|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||256.12||0.0||0.00||5.37||2.08|
|SPDR S&P 500 ETF||282.78||0.0||0.00||5.24||1.83|
|PROSHARES ULTRASHORT S&P 500||33.44||0.0||0.00||0.00||1.07|
|PROSHARES ULTRAPRO SHORT S&P 500||31.62||0.0||0.00||0.00||1.04|
|POWERSHARES QQQ TRUST SERIES 1||178.16||0.0||0.00||1.45||0.80|
|SPDR BARCLAYS CAPITAL 1-3 MONTH T-BILL ETF|
Older articles featuring Cornerstone Total Return Fund (CRF):Equity CEFs: Where's The Beef In The Delaware Dividend & Income Fund?
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Short And Sharp: Yield Curve Inversion - A False Positive?
Weekly Edge: Yield Curve Sends Mixed Signals
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