I’m getting very excited about this chart, which shows high-volatility stocks —the epicentre of the market bubble —and low-volatility stocks, which still haven’t noticed there’s been a bull market. The riskiest stocks have taken the lead, which is rarely a good thing.
Our global trends models have highlighted strength in the energy sector. Despite the low oil price, earnings have been resilient, so I've selected an undervalued energy stock exposed to high-growth countries.
The past year shows the $100k level in detail. This has the potential to be a major support level, as it has been tested so many times. But bad things can happen, so we shouldn’t count on it.
Following today’s update of The Multi-Asset Investor, “Boring Is Beautiful”, this information may be useful when trading.
The NASDAQ team, namely NVIDIA, Apple, Microsoft, etc., has reached 55% of the US cap. There can be no doubt that this is a major bubble.
In October, BOLD rose by 1.5%, Bitcoin fell by 3.1%, and Gold rose by 3.7% in USD terms. The month saw significant corrections for both assets, but it was encouraging to see the assets exhibit counter-cyclical behaviour.
