The slideshow below is from the San Francisco Technical Securities Analysts Association presentation earlier this month by Martin Pring. Most of the charts are familiar and self-explanatory so the outlook that Pring offers is clear.
It jumped out at me pretty fast even as I skimmed the charts because it is the same that I’ve been drumming on for a while. We are not there yet (page 12). The long term outlook is clearly challenging as the secular bear market has not reached its exhaustion point. The cyclical outlook is another thing.
In any case, have a look and let me know what you think. The slides are extensive as they cover equities, bonds, commodities as well as the credit markets. (To move back and forth move the mouse to the left/right edge of the screen and click. You can also see it in fullscreen.)
Source: Pring Turner Capital
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