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