Under-the-radar trend suggests market's hot streak is just beginning (via TradingNation)
"You can still essentially be embracing cyclical risk to the upside. But I would not put it on autopilot," he said. "We must remain vigilant and keep an eye on how the weekly leading index does in coming weeks and months to see if there's any sign of some deceleration in the recovery."
According to Achuthan, the index has limitations. It only looks out as far as few months. So, he warns the long-term prospects for the rally are up in the air. "That is what the forward edge of that weekly leading index is pointing us to," Achuthan said. "We're as interested as anybody as to where it's going to go."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Stocks Jump, Led by Surge in Chinese MarketsInternational stocks and U.S. futures rallied on hopes for a strong recovery from the coronavirus pandemic and a signal from Chinese state media suggesting investors should support a local bull market.
Read more »
Charlie Daniels' Biggest Billboard Hits: 'The Devil Went Down to Georgia' & MoreHere are Charlie Daniels’ biggest Billboard hits, including 'The Devil Went Down to Georgia' and more
Read more »
Farrah Abraham Defends Showing Off Vibrator In TikTok Video with 11-Year-Old DaughterAbraham says she was simply following social media trends when she filmed the video.
Read more »
Here’s Why A Kanye West Run Might Be More Likely To Hurt TrumpPolling suggests West has a far more favorable image among Trump’s voters than Biden’s.
Read more »