All the major broad market indices are trading below their 50 and 100-day moving averages, which isn’t a good sign.
Looking back, what drove the rally?
It’s mostly been earning in my view. A few charts
Markets are richly valued by you can’t time markets based on PE/CAPE
I think it’s premature to be fully bearish yet, but having some hedges-bonds or gold in place or increasing allocation to them and reducing equity allocations might not be a bad idea. For long term investors, just SIP, nothing else makes sense.
What do you think?
