The Guts Of The Stock Market Is The Best Economist

The Guts of The Stock Market Is The Best Economist - Stanley Druckenmiller

1. Great work by Fundstrat to illustrate how most returns in election years come in the 2H.

2. A smaller dataset for re-election years, but a similar outcome.

3. Are the returns from the first five days a good predictor for the year? The data does not suggest that.

4. A strong end to the year has resulted in a continuation of good market returns.

5. The small cap index is lagging behind the S&P 500 and failed at crucial resistance

6. A bearish formation head-and-shoulders pattern that is following through on the downside. A negative signal for energy.

   

7. Paying attention to the Dollar has helped.

8. Silver underperforming Gold is a bad sign for the precious metals complex.

   

9. The Semi outperformance continues unabated.

   

10. Growth has underperformed value since mid-October of 2023.

    

    Thanks and have a great weekend.