Weekly S&P500 ChartStorm - 14 April 2024
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Weekly S&P500 ChartStorm - 14 April 2024
This week: technicals check, risk indicators, correlations, risky allocations, equity culture, retail portfolios, UK equities, foreign earnings, PE10 and earnings curves...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
The S&P500 is sitting just above its 50-day moving average (but meanwhile 56% of individual stocks have already broken down).
A couple of short-term risk indicators are lighting up.
US investors are running higher allocations to equities than usual (and 3x hi…
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