msr_with-headshotThe Market Strategy Report

Mark Ungewitter is a veteran money manager, known widely for his original research and analysis.  Mark scours the globe for evidenced-based solutions, assessing world markets from a multi-disciplined perspective.  He is an accomplished market technician, specializing in visual presentation of complex matters.  Read on for a unique guide to everything financial.

Global Equity Update: Favor U.S. For Now

By | 2017-04-21T10:18:50+00:00 April 18th, 2017|Categories: Market Strategy Report|

Summary The sharp divergence between U.S. and non-U.S. equities is one of the most interesting anomalies in world markets today. Non-U.S. markets are multi-decade cheap versus the S&P 500, but have not demonstrated the leadership normally associated with long-term reversals. [...]

Stock market “Holy Grail?”

By | 2017-04-11T10:03:58+00:00 April 11th, 2017|Categories: Market Strategy Report|

A new study from Research Affiliates finds U.S. equities “currently overvalued but not as much as suggested by the historical averages.”  Contrarian investors are advised to take macroeconomic volatility into account: Over the last two decades, US equity market price [...]

Does this look like a trend reversal to you?

By | 2017-04-07T09:27:18+00:00 April 7th, 2017|Categories: Market Strategy Report|

We keep hearing that non-U.S. stocks have established a new bull market versus U.S. stocks.  While acknowledging valuation extremes, we see no convincing evidence of a long-term trend reversal.  The observation holds for all major segments: Europe (VGK), Developed Pacific [...]

5 Centuries of Stock Market History

By | 2017-04-25T10:08:10+00:00 March 28th, 2017|Categories: Market Strategy Report|

Everything you always wanted to know about the history of equity prices… but were afraid to ask.  From Kieron Nutbrown, former head of global macro fixed income at First State Investments in London. Prices are nominal, so long-term trajectory is [...]