The US and Global Emerging Markets are currently in the contraction phase of the business cycle, whereas Europe is still a step behind, according to J.P.Morgan’s Quantitative Macro Index (QMI).
The MSCI US Momentum / Value ratio broke down below its 2014 trendline last week, suggesting the run for momentum stocks is over, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global.
Equity outflows so far are consistent with a “healthy correction” rather than a recession/bear market, according to Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
The US equity bull market remains intact, says Ned Davis Research.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his medium- to long-term view on 41 key US stocks.
Brent Crude has bottomed, at least for the next few months, according to David Linton, Chief Executive at Updata.
Deeply oversold indicators suggest a relief rally is imminent for the S&P, according to Ari Wald, Technical Analyst at Oppenheimer.
The case for further rate highs in 2016 is in serious doubt if the 1.78% level on the US 10 year Treasury Note is breeched, according to Walter Zimmermann, Senior Technical Analyst at United-ICAP.