- Numerous multi-decade extremes support a bearish conclusion for U.S. equities.
- The media has featured numerous articles about how there has been a rotation among equity sectors. The assumption which underlies almost all of these analyses is that we are in a bull market and that the sequential pattern will lead to continued gains.
- Throughout 2021, we have had one equity sector after the other beginning a major downtrend in roughly the same sequence as it had done in the early months of previous major percentage declines.
For further details see:
Bearish Rotation