Tuesday’s strong rally was forgotten on Wednesday. Investors bailed on news that the 10 year treasury yield had fallen below the 2 year yield which for most analysts signals a “coming” recession. This was not a drop below and a stay below situation. It was temporary. Rates fluctuate, but in the morning the 10 year rate fell below the 2 year and that spooked investors. It should also be remembered that this type of signal often indicates a lack of liquidity or is caused by tight monetary policy. It has happened in the past and has not always signaled a recession. As well, often the signal precedes a recession by 2 or even 3 years. Investors ended the day looking at one day index lossesn that were the worst of 2019.
Advance Decline Numbers Outlook for Thu Aug 15 2019
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from the close of trading on Thu Aug 15 2019.
Members should review the signals before trading resumes on Thursday.
As well there were trades done in the Market Direction Portfolio on Wednesday and there are more planned for today.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Aug 15 2019
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