The U.S. Global investment team created a sentiment indicator of 126 indices, sectors, currencies, commodities and markets to measure cash flow levels and volatility. Frank Holmes explains how members of the team use this indicator to monitor the percentage of positions that have five-day moving averages above or below the 20-day moving averages, in relation to the S&P 500. This week the indicator fell below 20 percent, which Frank views as a signal that markets are oversold and that now could be a time to buy.
For Frank’s full explanation, watch the video here!
Want to learn more about what’s moving U.S. markets? Read Frank’s latest commentary, Take the Long-Term View in a Late-Cycle Market.
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
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Certain materials in this commentary may contain dated information. The information provided was current at the time of publication.