We showed in prior letters that the US stock market has recently reached all-time high valuations across a variety of dimensions. Now, the market is flashing warning signals of a potential major market top based on a variety of divergent technical and cross-market indicators. We show four of these in this letter: New 52-week Highs vs. Lows Chart Normally, when …
Crescat Capital Quarterly Investor Letter Q3 2018
See Crescat’s monthly update letter, link below. Crescat Capital Quarterly Investor Letter Q3 2018