The PRO-EYEs indicator was made available online for BNN Bloomberg viewers to get a lens into my macro view of markets.
The Z-score is the number of standard deviations the indicator has deviated from the lifetime mean of the indicator. We are currently seeing price at -3.2 standard deviations below the 200-day average. That means this observation occurs one in 1455, . The overall average Z-score is -1.98, which is lower than seen at the depths of COVID. The one factor that is not near extreme levels is the seasonal pattern for all years, which is still neutral given October historically can be volatile.
Laying out a roadmap like this helps with making decisions around asset allocation. Every week BNN Bloomberg callers ask about if it’s time to buy. The index says there is a lot more opportunity buying now versus late last year. But that was true last week too, and the market overall fell again last week. With indicators like this, it helps to recognize the environment, but it is not a guarantee. Gauging the market’s temperature is a moment in time measurement.
We begin the Fall 2022 virtual roadshow on YouTube and GoToWebinar. Sign up at https://investorsguidetothriving.com. We will start the series with talk about some of the lessons I’ve learn over the past 35 years making good and bad investment decisions. As always, our educational efforts on BNN Bloomberg support charity. Over the past decade, we have raised over $500,000 for brain health, dementia, and Alzheimer’s research at the Baycrest Hospital. You can add your donation here.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cole Butcher, Craig Slaunwhite winners at East Coast International Pro Stock Tour finale | SaltWireCole Butcher and Craig Saunwhite were both winners at the Tirecraft 200 in the East Coast International Pro Stock Tour finale at Scotia Speedworld on ...
Read more »
Prince George pro-wrestling event to raise mental health awarenessThe event is in memory of former northern B.C. teen wrestler ‘Prime Time’ Franky Styles
Read more »
EDITORIAL: The need for a pro-business climateIt\u0027s unfortunate but true that the negative economic stories just keep on coming.
Read more »
Reformists gain in Bosnia elections, though change unlikelyReformists in Bosnia likely to be joined by secessionist, pro-Russian party in tripartite presidency
Read more »
Investigation reveals Poilievre, populist and pro-natural gas groups spread fertilizer disinformation to whip up outrage against TrudeauConservative politicians and advocacy groups linked to Canada's far-right and fossil fuel lobby have been posting erroneous information about the federal government's fertilizer plan, a Canada's National Observer investigation reveals.
Read more »
Newfoundland and Labrador’s Payday Loan Rate to Become Lowest in the CountryThe cost of borrowing from a payday lender in the province is set to become the lowest in the country. The pro...
Read more »