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.

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

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

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

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

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

1. Paying attention to the Dollar has helped. 

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

2. The Semi outperformance continues unabated.

3. Growth has underperformed value since mid-October of 2023.Thanks and have a great weekend.