One sick stock market

Tuesday 25 July 2023

The internals of this stock market are sick: overbought, over-valued, narrow leadership, falling earnings outlook, dumb money driven. The Market Ear has more.

Nearing historical peak values

Deutshce Bank’s positioning intelligence team points out that multiple elements of their positioning measurement are nearing their historical peak values.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.