This is my last strategy publication before my retirement at the end of March and I would like to conclude with some final words on the intermediate-term outlook for stocks. (I will be publishing a final technical analysis review tomorrow).
Let’s begin with the good news. My long-term timing model is still bullish on the U.S. stock market. As a reminder, this model flashes a buy signal whenever the monthly MACD of the broadly based NYSE Composite (bottom panel)
Ozan Tarman, vice chair of global macro at Deutsche Bank, revealed in a Bloomberg podcast that in speaking to global macro hedge funds, he concluded that the pain trade is a squeeze higher, though the left-tail of the return distribution is quite fat.
The full post can be found here.
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