A
year ago many market bellwethers had broken down below long term moving
averages. The term Bellwether – was derived from the Middle English Bellwether
which refers to the practice of placing a bell around the neck of a castrated
ram – (a wether) in order that this animal might lead its flock of sheep.
Some
improved market bellwethers are Goldman Sacs (financial), Disney &
AutoNation (Consumer), Gilead (Health Care),
FedEx (transports), Boeing & Caterpillar (industrial) and Apple
(technology)
The
Goldman Sachs Group Inc (GS) is a component of the Financial Select Sector SPDR
ETF (XLF). Goldman leads most bull and bear market cycles having peaked in
October 2007 and bottoming in November 2008. Goldman has completed a short 2015
bear phase and should lead the XLF higher through 2016 + thanks to
Stockcharts.com for the point & figure
Posts
5 comments:
Thanks for your articles Bill. They're very informative.
There is much talk of an EM and international catch up trade. Do you think VWO & VEU will outperform SPY or best to focus on the US?
Thanks,
Shawn
Shawn
See today's post
Thanks
Bill Carrigan
So you're more bullish on US equities than international equities?
Thanks.
Do you think emerging market equities (i.e. EEM or VWO) are in a new secular bull market?
Sorry Shawn for the delay
I like Emerging Markets
Bill C
Post a Comment