Another high for the DOW driven by energy and financials while tech hits the skids and bonds and utilities continue to falter. As we seek safe havens of investment the emerging markets ETF..EEM...has been enjoying some success using both the MO2 pair trading platform and the MVP momentum model. Current returns are shown below.
Gundlach now divines that momentum may be waning as overbought levels in equities and oversold levels in bonds may have been stretched a bit too far.
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