CHART OF THE DAY: Systematic Bear Market

12/12/18 08:16AM EST

Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

CHART OF THE DAY: Systematic Bear Market - 11.13.2018 nesting bull and bear cartoon

If you haven’t been a data-driven realist, you’ve lost a lot of money buying what haven’t been dips in Global Equities this year. Even if I look at the Japanese stock market (which peaked right as Quad 4 in Japan started in Q4 in the first week of OCT), what do I see?

  1. Bearish @Hedgeye TREND for the Nikkei with a series of lower-highs (on bounces) and lower-lows (on selloffs)
  2. Japanese Machinery Tool Orders DOWN -16.8% year-over-year in NOVEMBER

Quant-(bearish TREND signal)-Amental (down -16.8% year-over-year growth)!

CHART OF THE DAY: Systematic Bear Market - 12.12.18 EL Chart

CHART OF THE DAY: Systematic Bear Market - early look

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.