there are growing signals that suggest the stock market's secular bull rally is actually here to stay.highlighted various technical and economic indicators that suggest things are relatively ok for both the stock market and the economy. From positive GDP growth to an incredibly low unemployment rate, investors should be prepared for more gains in stock prices, according to the firm.
"In a continuing secular bull, the major benchmarks could be expected to keep trending upward on their way to record highs, which are currently 16% and 14% away respectively on the S&P and ACWI," NDR's Tim Hayes said. These are the seven charts that suggest the secular bull rally in stocks still has room to run, according to NDR."Starting in 2020, Tech began to underperform Energy as indicated by the dropping Tech/Energy ratio in the chart's top clip. Currently, however, Tech and the U.S. are outperforming again, trends likely to continue with the secular bull remaining intact," NDR said.
a lower high along with the spread between the Moody Baa bond yield and 10-year Treasury yield ," NDR said."Since the extreme in pessimism reached at the end of September, confidence has gradually returned but the indicator is far from excessive optimism levels. The chart's middle mode box indicates that the S&P 500 has gained 32% per annum when sentiment has been in its current pessimism mode during a secular bull market," NDR said.
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Source: Reuters - 🏆 2. / 97 Read more »