According to the Fed’s data, the share of household financial assets devoted to cash and highly-rated government bonds has been drifting lower since the end of the financial crisis and has actually fallen below the long-run average.
Meanwhile, the same Fed data also show that investors have steadily moved into ever riskier investments, especially during the recent equity bull market. Americans now hold the largest percentage of their financial assets in stocks, corporate bonds and mutual funds – a loose proxy for exposure to riskier investments – since the third quarter of 2000, near the height of the tech bubble. The percentage of investors’ financial assets in such riskier investments is now 34.9%, just shy of the highest exposure to risky assets since the 1950s – 38.4% in the first quarter of 2000.
Here’s Bank of America Merrill Lynch’s technician Stephen Suttmeier with the technical set up: We highlighted Energy as a sector showing good tactical relative strength. Two signs of relative rehab for the sector that we highlighted in our Monthly Report were 1) reclaiming the prior relative lows from 2010 and 2012 and 2) sustaining the move above the 13, 26, and 40-week moving averages relative to the S&P 500. S&P 500 Energy has done both. In addition, S&P 500 Energy is pushing to new all-time highs with confirmation from the sector advance-decline line (side bar). The relative set-up for Energy is similar to that of October 2010, when the sector moved above its 13, 26, and 40-week relative moving averages and outperformed until April 2011.
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-04-23 02:56:362014-04-23 02:56:36Nervous Energy
Words aren’t really necessary when looking at the charts below. This ‘awesome foursome’ represents Australia’s finest – all are top 10 stocks, constituting at least 1/5 of the ASX/200. The market needs these guys to break out to the upside, however all are at formidable long term resistance levels.Their participation is essential. When/if they do, it’ll be the charge of the light brigade……….
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-03-31 05:47:182014-03-31 05:47:18Time for these leading ASX stocks to put up or shut up.......(WOW TLS WES ANZ)
-Parity has been the big psychological ‘line in the sand’ for several years now. -The breakdown below 0.95/97 in March 2013 was a major development. We saw broken support become resistance on the pullback late last year, and it’s been downhill since then. -In the short-term, a break of the ‘A-B’ trend line could project a rally back to resistance at $.95/97. (Also, it’s not clear on the chart above, but a bullish inverse head and shoulders pattern has formed since the start of the year.) -Any decline below .87 on a weekly closing basis would bring .80 into play. -I expect the long-term trend to eventually reassert itself, for a decline to support at 0.80.
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-03-25 04:33:102014-03-25 04:33:10What you need to know about the technical picture for AUD/USD……