Tuesday, July 3, 2018

More signs of world economy slowing down

Marc Faber's latest commentary is now out. He writes about what he sees as an elevated slowdown in the world economy. He thinks this could be a warning sign to reduce long stock market exposure.


  
"Concerning my negative views about equities I would like to add that an important technical signal has turned down badly: the Smart Money Flow Indicator (SMART Index), which is calculated according to a special formula.           
The broader point I want to make is that we can see an increasing number of signs and indicators that point to a major slowdown in the global economy and to disappointing corporate earnings. Therefore, I reiterate my previous recommendation that investors who are overweight equities should really reduce their heavy exposure. "    


via GloomBoomDoom

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