yuman

Three Themes I'm Tracking for Signs of a Reversal

Historically in the past 30 years, the trend reversal of financials and the general market have been in sync. Financials don't serve as an early warning for reversals.
Comparing the stock charts with MZM history, I notice that dropping growth of money precedes reversals. In years 2002 and 2003, the money growth rate dropped from 20% to 5%, foretelling a reversal in March 2003. Financials surged 30% in the following 12 months.