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Technically Speaking: Defining the Market Using Long-Term Analysis

May 26, 2020

The views expressed may change at any time after the date of these publications. There is no guarantee that any projection, forecast or opinion will be realized. All referenced indices are shown for informational purposes only and are not meant to represent the Fund. Investors cannot directly invest in an index. Past performance does not guarantee future results.

Was the March equity market decline a bear market or just a correction within a bull market? Lance Roberts and ARMR portfolio manager Jim Colquitt discuss their views on where the market may be headed.

Here is an excerpt from the article:

Using Long-Term Analysis To Measure Potential Outcomes

Regardless of whether you agree with the premise, do not completely dismiss the importance of long-term price cycles. Currently, it is “in vogue” to believe it is only monetary policy driving markets now. Over the long-term, there have been many excuses for rising prices, which eventually gave way to “fundamental gravity.” One of the most interesting emails I received in response to my monthly analysis above was from Jim Colquitt, President of Armor Index, Inc. To wit:

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