AOK - Market Trends Continue To Lean Into A Bullish Signal
2024-05-23 11:05:00 ET
Summary
- The old saw that markets climb a wall of worry is alive and kicking.
- The US equities market isn’t quite as hot as AOA:AOK, but it's close, based on the ratio of US stocks - SPY - vs. a low-volatility subset - USMV.
- A potentially worrisome sign for the overall risk appetite is the rebound in inflation-indexed Treasuries - TIP - vs. conventional government bonds - IEF.
The old saw that markets climb a wall of worry is alive and kicking. Although there are plenty of warnings from analysts who see trouble ahead, trend profiles show no fear, via several pairs of ETF proxies for profiling the appetite for risk, based on prices through yesterday's close (May 22)....
Market Trends Continue To Lean Into A Bullish Signal