Market Signals Summary:
The Hi-Lo Index of the S&P 500, the iM-Google Trend Timer and the CAPE-Cycle-ID are out of the stock markets. The bond market model begins to favor high beta (long) bonds. However, the MAC-US as well as the S&P 500 Coppock Indicator are invested the Stock Market since the first week of February 2023. All our recession indicators are signalling a recession: BCIg is signalling a recession since March 16, 2023; the Forward Rate Ratio between the 2 and 10 year rates inverted beginning August 2022 thus signalling a recession; and the growth of the Conference Board’s Leading Economic Indicator is signalling a recession since November 2022. The Gold Coppock is invested in gold, so is the iM-Gold Timer. The Silver Coppock model generated a buy signal and is invested in silver.
Stock-markets:
![Fig-2.-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-2.-5-26-2023-100x100.png)
![Fig-2.2-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-2.2-5-26-2023-100x100.png)
![Fig-2.3-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-2.3-5-26-2023-100x100.png)
![Fig-2.1-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-2.1-5-26-2023-100x100.png)
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:
![Fig-3.1a-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-3.1a-5-26-2023-100x100.png)
![Fig-3.1c-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-3.1c-5-26-2023-100x100.png)
![Fig-3.2-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-3.2-5-26-2023-100x100.png)
A description of this indicator can be found here.
![Fig-3.3-5-26-2023](https://imarketsignals.com/wp-content/uploads/2023/05/Fig-3.3-5-26-2023-100x100.png)
A description of this indicator can be found here.