A close look at sectors can tell us where we are in the economic cycle. The chart below from Chris Vermeulen via LinkedIn shows that the dominant sectors currently are utilities and precious metals which occur typically at the very end of business cycles as we enter a major bearish phase:
Oversold Rally — 0r More?
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A strong oversold rally, aided by some earnings reports, has carried $SPX
back up to its 20-day moving average. It remains to be seen, though, if it
can fo...
4 minutes ago