One of my favorite analytical techniques for generating insights on global markets is studying market breadth, and those who know me know I like to take a bit of an alternative angle, and today's chart is no exception.
What makes today's chart so interesting is that (in contrast to most of the stuff out there right now) it presents a bullish take on global equities. With investor sentiment still mostly on the bearish side, particularly on the fundamentals outlook, anything with a bullish slant should be greeted with particular interest.
The chart shows the