Model switches to CASH/NEUTRAL.
This cash signal is a risk avoidance signal should markets head lower from here. Meanwhile, Powell's potential $6 trillion across three stimulus packages awaits so odds favor a resumption of the uptrend when we get the signal. That said, it is best not to attempt to outguess the market but to instead observe each day as it unfolds in real-time and take action accordingly.
Market Direction Model - Model switches to CASH/NEUTRAL on May 12, 2021
|Published:||12 May 2021 09:28 ET|
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