Global equity markets continued to stair step lower last week as global rates rose and the US$ strengthened. Commodities rebounded last week for what are likely to be ending wave (c) counter-trend rallies. The key macro themes of rising inflation, global central bank tightening, slowing global growth and geopolitical risks continue unabated. The markets are […]

Last week, the bears stepped up where they needed to as equities turned lower and met the minimum conditions for a wave (iii) or (c) decline. So far, the recent equity market decline is in 3 waves and Bears need to extend this into 5 waves down to help confirm a bigger picture change in […]

Equity markets have rallied in 3 waves into measured upside targets before reversing sharply lower late last week. Bears need to make a stand here or risk an ongoing bull market trend. The DXY trend remains bullish as we look for evidence of a bullish reversal in bonds. Commodities remain under pressure following likely completion […]

Last week, global equities extended gains despite a continued sell-off in the bond markets. Bulls and bears are facing a decision with only 3 waves up from recent swing lows into layered resistance. Global risk markets are trying to digest strong inflationary headwinds, a resilient economy, strongly rising rates and global central bank tightening. The […]

Equity markets rebounded strongly last week after failing to make new cycle lows culminating in a bullish weekly reversal. Only the Nasdaq indices made marginal new lows, unconfirmed by the broader indices, sparking a strong short covering rally from the double bottom. Crude Oil and RBOB extended declines into impulsive 5 waves (change in trend) […]