CHART OF THE DAY: Systematic Bear Market

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)!