Last week, the MACD line on the two of the largest and well followed US Indexes rolled over to sell signals. This ends the bullish 6-month period through April.
We count new Billionaires, while Biden sees room to tax. Jim Grant says the Fed is likely to get blind-sided. Seasonality hits a wall.
Seasonality is problematic this year, likely due to the elections and politics around another COVID stimulus package. Still, time and history work for the strategy.
NASDAQ Seasonality has changed to a more negative stance after today’s negative performance. Caution is warranted in tech stocks. Bonds can be added as summer months can provide weakness to stocks.