Market Signals Summary:
The IBH stock market model is out of the market. The MAC stock market model is invested, The recession indicator COMP is higher from last week’s level, and iM-BCIg is also higherd from last week’s level. MAC-AU is invested. The bond market model avoids high beta (long) bonds, the yield curve is steepening, the gold model is not invested, but the silver model is invested.
Stock-markets:

The MAC-US model stays invested. MAC-US Fig 2 shows the spreads of the moving averages. The sell-spread is near last week’s level. A sell signals is not imminent. The sell spread (red graph) has to move below the zero line for a sell signal
The MAC-AU model stays invested. MAC-AU Fig 2.1 shows the spreads of the moving averages of the Australia All Ordinaries Index. The sell-spread is near last week’s level. The sell spread (red graph) has to move below the zero line for a sell signal.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:

Fig. 3.1 shows our recession indicator iM-BCIg, higher from last week’s level. It is possible that BCIg may have peaked in June. A recession is not imminent as one can clearly see.
Please also refer to the BCI page
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