Hartnett: Bull & Bear Indicator "Surges" Towards Sell
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Housekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with commentary 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy.
Bottom Lines:
* Election- Trump wins, but no sweep means no aggressive changes
* Bull/Bear- Jumps closer to sell signal
Sell Signal Needs: More cash deployed, big jump in “OB” Technical indicator, money into EM Bonds (“and” presumed)
* China Stimulus- in play by traders, RIAs still skeptical re: Tariff concerns…
The skinny
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