Market Signals Summary:
The the 3-mo Hi-Lo Index of the S&P 500 invested in the markets on July 30, 2024. The S&P 500 Coppock Indicator invested the markets mid August 2024. All other indicators, that is the MAC-US, the CAPE-Cycle-ID, and the iM-Google Trend Time are invested in the stock market. The BCIg does not signal a recession as does the growth of the Conference Board’s Leading Economic Indicator. The Forward Rate Ratio between the 2 and 10 year rates inverted beginning August 2022 an is in the process of normalizing (non-inerted state). The iM-Gold Coppock and the iM-Silver Coppock are invested in the respective metals, as is the iM-Gold Timer. The monthly unemployment model signals a recession
Stock-markets:
The MAC-US model invested the US stock markets in first week of February 2023.
The 3-mo Hi-Lo Index Index of the S&P500 is at 10.35% (last week 11.86%) is invested in the since markets July,30 2023.
The Coppock indicator for the S&P500 invested the the US stock markets mid August 2024. This indicator is described here.
The MAC-AU model generated a buy signal end November 2023, and is invested from the Australian stock market.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:
BCIg is not signaling a recession.
The growth of the Conference Board’s Leading Economic Indicator does not signal a recession.
The Forward Rate Ratio between the 2-year and 10-year U.S. Treasury yields (FRR2-10) is an inverted state since beginning August 2022 and is progressing to a non-iverted state in a week or two.
A description of this indicator can be found here.
The iM-Low Frequency Timer switched to bonds on 9/26/2022.
A description of this indicator can be found here.