Welcome to the inaugural MONTHLY ChartStorm — basically a digest of some of the most intriguing charts of the past month from the (now paywalled) Weekly S&P500 #ChartStorm
1. Allocations vs Sentiment
Despite some of the most bearish sentiment readings in recent history, investors only slightly reduced equity allocations. And now they're reassessing the situation...
After a decade-long relative bear market, global banks are making a comeback (thanks to disastrous performance of US banks) — major turning point in progress?
This chart tracks the seasonal price patterns by month across a range of global equity indexes, and essentially goes to show that seasonality is a global thing.
Learnings and conclusions from this week’s charts:
1. April marks the 4th month in a row that the S&P500 closed above its 10-month moving average. Yet, the index remains below key overhead resistance levels.
2. We are heading into a seasonally sloppy patch for stock markets globally.
After overthinking about it for a long time,
I have decided to make a couple of changes to the Weekly S&P500 ChartStorm
I will briefly explain what and why...
Firstly, I want to thank you for following me and the ChartStorm. Your interest, comments, and occasional praise mean a lot to me.
As some of you may be aware, I’ve been going at it on the Weekly S&P500 ChartStorm *non-stop* every weekend for over 7 years now...
Throughout that time the basic format has been mostly unchanged (tweet out 10 charts on the stock market) -- but the content and commentary have grown and evolved over time, and as far as I can tell so too has its reputation and usefulness
Slightly different format than usual given quieter time-of-year: focusing on some of the more timeless charts of the ChartStorms of the past year or so... 🤓🧐🤔
1. Plenty of folk out there telling you to buy and hold and dollar cost average and focus on the long-term
Which is all well and good, but just be mindful that lost decades are actually relatively common...