Bubbles of Bliss.
Wednesday 17th April - Daily Equity Update
I asked for a pullback to reset all the signal strength scores before whatever comes next. Is this it? In the past, I would be piling in for a bounce. I think a bounce will come, I tweeted as much this morning in reply to T1alpha. Monthly momentum has reset at zero. 3 monthly has not.
The chart below shows the forward expected returns of the SP500 when 1m and 3m momentum reset at zero.
It pays to be patient.
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