Fidelity’s global macro director says the uptrend in US equites “feels like late innings” Eamonn Sheridan Forexlive RSS Breaking News Feed

Jurrien Timmer is Director of Global Macro at Fidelity:

• trend remains up for US equities
• this cyclical bull market remains in place at 28 months old
• only 62% of stocks are above their 200-day moving average
• the chart below shows a series of negative divergences, the likes of which tend to happen in the more mature stages of bull markets
• It feels like late innings to me

This article was written by Eamonn Sheridan at www.forexlive.com.Jurrien Timmer is Director of Global Macro at Fidelity: trend remains up for US equitiesthis cyclical bull market remains in place at 28 months oldonly 62% of stocks are above their 200-day moving averagethe chart below shows a series of negative divergences, the likes of which tend to happen in the more mature stages of bull marketsIt feels like late innings to me

This article was written by Eamonn Sheridan at www.forexlive.com.  Read MoreStock market update 

​Forexlive RSS Breaking News Feed