Venture: Easing Off
Issue 144;
The ByteTrend Global Breadth indicator shows its fourth consecutive week of deterioration. I don’t view that as a bearish market forecast, but it certainly makes me want to look over my shoulder.
ByteTrend Global Breadth
The way to think about it is not that a weak patch means a crash is coming, but that every crash was preceded by a weak patch. Therefore, the odds of something bad happening have risen.
The prudent course is to lighten up portfolio exposure, little and often, should the market weakness spread. The focus should always be on stocks that are not working as well as they should, and especially those feeling the heat from the current environment. Should things get worse, they are the ones who will suffer.
But as always with Trump at the global market helm, maybe there is nothing to see here. Once again, he could pull another rabbit out of the hat. On the other hand, perhaps he doesn’t.
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