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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.

The World According To Point & Figure

By |2017-07-11T10:00:56-04:00July 11th, 2017|Categories: Market Strategy Report|

I’m no expert at Point & Figure charting, but I do find it useful for big-picture analysis. P&F charts focus mainly on price – or more specifically, the incremental progression of price. This allows P&F chartists to “see” trends, consolidations, [...]

MSCI accepts China A-shares

By |2017-06-21T10:25:10-04:00June 21st, 2017|Categories: Market Strategy Report|

After three years of rejection, MSCI has finally accepted China A-shares into its bellwether emerging markets index. http://www.reuters.com/article/us-msci-indexes-idUSKBN19B325?il=0 The move will be gradual, however, and broader demand for A-shares seems already priced in. We note that the best rallies in [...]

Jeremy Grantham throws in the mean-reversion towel…

By |2017-06-20T12:57:09-04:00June 20th, 2017|Categories: Market Strategy Report|

After decades of preaching profit margin reversion, GMO’s Jeremy Grantham just recanted (pp. 9-16). His first-order evidence is presented in Chart 1 below. Something is obviously different about “new era” valuations. Chart 1. Higher and briefer valuation troughs   Grantham [...]

Don’t overthink market volatility – part 2

By |2017-05-19T10:30:32-04:00May 19th, 2017|Categories: Market Strategy Report|

Does Wednesday’s volatility spike vindicate those predicting an important market top based on super-low volatility?  Not by historical experience.  The chart below flags super-calm markets over the past century.  There are too many false flags for a positive assertion. So [...]