January 13, 2023 by Doug Ramsey of Leuthold Group This year is off to a much stronger start than suggested by the 3-4% gains in the blue-chip averages: Through January 12th, the Value Line Arithmetic Composite—an equally-weighted index of about 1,700 stocks, was up 7.0%. Yesterday, that action produced a “super-overbought” reading on our Moving Balance Indicator (MBI, Chart 1),…
Three trading weeks have been logged in the New Year and with that… still no signs of increasing volatility...
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Corporate outlook continues to improve on stronger than expected economic and earnings recovery, constructive guidance, as well as positive...
My wife’s great grandmother died this year aged 100. Ida Beckett, this is your life (in US stock returns):...
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