AUTHOR: TOWNE SCHERER.COM/BLOG5/29/2019: TowneScherer Private Wealth Management BLOG:
Domestic Equities Leading Trend
‘Domestic Equities’ with large cap growth and small cap growth are at the top of Dorsey Wright’sDALI system as to where money is trending as of 5/28/2019. In ‘sectors,’ the DALI’s top areas are Technology with Utilities, Industrials and Communication following. Further, in ‘Fixed Income,’ High Yield remains at the top while the US Dollar keeps its place as the leading ‘Currency.’ According to the DALI system, Equities are still in play while Fixed Income and Cash are looking to bring up the rear. According to this system, it looks like the Bull is still on!!!
In Addition, Another...Seven Reasons Bull Still On?
As reported in April, 2019,InvestorPlaceposes seven reasons the Bull market is still on:
-The Economy Appears to be Stabilizing and Improving
-Trade War resolution could be coming soon
-The Fed has gone Dovish
-The Bond Market has Rallied
-Valuations are Reasonable
-The Market has Leadership Again
…and
-Individual Narratives are Improving
Add headwinds and you have an irresistible force meeting an immovable object…let’s see what gives?
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.