Jurrien Timmer is Director of Global Macro at Fidelity:
- trend remains up for US equities
- this cyclical bull market remains in place at 28 months old
- only 62% of stocks are above their 200-day moving average
- the chart below shows a series of negative divergences, the likes of which tend to happen in the more mature stages of bull markets
- It feels like late innings to me
This article was written by Eamonn Sheridan at www.forexlive.com.
