In a new report, Citi Research analyst Tobias Levkovich takes a number of charts that tell the story of where the U.S. stock market currently stands and what investors should expect in coming months. Here’s a look at 10 charts from the report.
While the S&P 500 has sent several mixed technical signals in recent weeks, Citi sees no troubling signs when it comes to the percentage of stocks trading below their 200-day averages.
Citi’s extremely high P/E stocks’ lead indicator approach explains some of the relative weakness in the S&P 500.
Spreads between the best=performing and worst-performing stocks, sectors, assets and commodities are relatively low compared to their historical range.
The economy has not been picking up…
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