Technical Market Summary - 12-4-17

2017 YTD Returns

S&P 500 (SPY) +20.2% (up 1.60% for week)

Gold (GLD) +11.0% (down 0.60% for week)

Core Bonds (Agg) +3.4% (down 0.03% for week)

 

Harbor Wealth’s Market Barometer

Our three proprietary Technical Gauges on the US Equity Markets are below. Investors can use this as a guide to identify the strength/weakness of the US Equity Market Environment.

 

All Green = “Clear”    1 Red = “Watch”     2 Red = “Caution”     3 Red = “Danger”

 

CNNMoney's Fear & Greed Index – Dec 4, 2017: 

Investors are driven by two emotions: fear and greed. Too much fear can sink stocks well below where they should be. When investors get greedy, they can bid up stock prices way too far.

 

Major Asset Class Insight

Large Cap, Small Cap, European Equities, Emerging Market Equities, Gold and Commodities all remian favored major asset classes to invest in long term.

 

  Short Term Long Term
Bonds (Aggregate) Bullish Bullish(April '17)
US Large Equites (S&P 500) Bullish Bullish(Mar '16)
US Sm. Equites (R2000) Bullish Bullish(Nov '16)
Int'l Equities (MSCI EAFE) Bullish Bullish(Dec '16)
Emerging Mkt Equities Bullish Bullish(July '16)
Commodities Bullish Bullish(Sept '17)
Gold Bearish Bullish(July '17)

 

We continue to advocate a proactive stance in managing one's portfolio as the most prudent way to preserve and grow capital, by capturing gains and limiting risks.