Technical Market Summary – 10/14/19

2019 YTD Returns

S&P 500 (SPY) +20.1% (up 0.97% for week)

Gold (GLD) +15.9% (down 0.72% for week)

Core Bonds (Agg) +8.2% (down 0.82% for week)


 

Harbor Wealth’s Market Barometer

Our three proprietary Technical Gauges on the US Equity Markets are below. Investors can use this as a guide to identify the strength/weakness of the US Equity Market Environment.

All Green = “Clear”    1 Red = “Watch”     2 Red = “Caution”     3 Red = “Danger”

 

CNNMoney’s Fear & Greed Index – Oct 14, 2019:

Investors are driven by two emotions: fear and greed. Too much fear can sink stocks well below where they should be. When investors get greedy, they can bid up stock prices way too far.

 

Major Asset Class Insight

Bonds, Domestic Large Cap Equities and Gold are the major asset classes to invest in long term, so invest accordingly.
Short Term Long Term
Bonds (Aggregate) Bullish Bullish(Dec ’18)
US Large Equites (S&P 500) Bearish Bullish(Feb ’19)
US Sm. Equites (R2000) Bearish Bearish(May ’19)
Int’l Equities (MSCI EAFE) Bullish Bearish(Aug ’19)
Emerging Mkt Equities Bullish-new Bearish(May ’19)
Commodities Bearish Bearish(May ’19)
Gold Bullish Bullish(Dec ’18)
 

We continue to advocate a proactive stance in managing one’s portfolio as the most prudent way to preserve and grow capital, by capturing gains and limiting risks.

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