The Year Ahead – Recap

A Recap of the Year Ahead – 2017

U.S. equities commenced a cyclical bull market in February 2016, confirmed by classic technical evidence suggesting a durable rally into 2018.

U.S. bonds may have completed a 70-year super-cycle in July 2016. A move above 4.0% yield on 30s is required to corroborate a secular bear market.

Gold must stage a very impressive rally to establish a positive long-term outlook.

Crude oil appears to have bottomed after a “normal” 75% decline.

Extreme divergences between U.S. and non-U.S. equities are a stand-out feature in today’s market landscape.

 

Bonus chart… dedicated to Ian McAvity

 

By | 2017-01-05T11:42:18+00:00 January 5th, 2017|Categories: Market Strategy Report|0 Comments

About the Author:

Mark Ungewitter is a Senior Vice President & Investment Officer at Charter Trust Company. He was formerly Director of Portfolio Management at Investors Bank and Trust in Boston, Massachusetts. He holds an M.S. from Bentley University and a B.S. from Massachusetts College of Liberal Arts. He is a member of the American Association of Professional Technical Analysts.

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