Technical analysis meets macro

I present for your consideration the following mystery chart. Would you rate this as a "buy", "hold" or "sell"? Your answer will tell you something about your global macro-economic outlook and the likelihood of an equity bear market in the near future.

See below...



























Any of the recessionistas who ranked the above chart "buy" might want to read this post carefully, including everyone who jumped on the JP Morgan rising recession risk bandwagon and David Rosenberg's abrupt bearish turn.

The full post is available at our new site here.








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