Market Direction Model - Model switches to CASH/NEUTRAL on May 13, 2019
|Published:||13 May 2019 10:29 ET|
The model has switched to a CASH/NEUTRAL signal. The market is at greater odds of a deeper correction. Sidelines for now despite QE. The Federal Reserve may step in and lower rates at some point as a consequence of the ongoing bare knuckle brawl between the U.S. and China on trade matters. But as we saw last December, markets can correct sharply before this occurs even in this era of QE.
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