There's A Ton Of Cash Searching For Higher Returns
We have new “buy” signals this month for the S&P 500 Index, NDX, gold, and bonds. It is unusual for all these indexes to be buys at the same time. In my opinion, there is a lot of money in motion searching for higher equity and bond returns.
We believe the outlook is positive for many long funds. Our analysis indicates that all style-box indexes have positive momentum with small-cap ahead of large-cap. All sectors have positive momentum except that goldmomentum is negative. (We expect gold to go positive in early April.) Most of the world indexes have positive price momentum with Germany highest, followed by the U.S. and the U.K.
The U.S. dollar is increasing in value relative to other currencies. Emerging markets have negative price momentum at this time. Because the markets can turn quickly, be ready. May the market be with you.
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.
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