US stocks are in a positive trend relative to Gold
|Highlights:
Confirming Evidence of a continued rally:
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ECRI WLI is up 0.82% year over year.
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US stocks are in a positive trend relative to Gold (intermediate).
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Global stocks (FTSE all World with US) are in a positive trend relative to the risk free asset.
- Lumber rallied last week.
Non-Confirming evidence of a continued rally:
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The ECRI four week average is still negative year over year (-1.61%).
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Copper continued to break down against Gold.
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Small Caps relative to large caps are below the 2018 low.
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The Yen continues to strengthen.
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High yield is falling relative to long-term Treasuries.
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The VIX rallied significantly last week.
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The Bullish Percent Chart for the S&P 500 has rolled over.
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