Analyzing the bull case
Regular readers will know that I have been cautious about the equity markets over the past few months. Good investors cannot be overly dogmatic, and in that spirit, I contemplate what the bull case may be,
From a strictly technical perspective, price momentum has been strong. The Wilshire 5000 is on the verge of flash a monthly MACD buy signal, depending on what level the index closes at month-end. Past signals have usually seen the market rise strongly afterwards.
Let’s put on our rose-colored glasses, and consider all the elements of the bull case.
The full post can be found here.
Source: http://humblestudentofthemarkets.blogspot.com/2020/07/analyzing-bull-case.html
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