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The AI is still in the foothills. The Market Ear has more.
Just fine and normal
This is the “just fine and normal” stage of the bull market. Very little volatility, not that much exciting news flow and not stretched positioning. Very somber and grown-up. Let’s look at some examples. Here first we can see that RSI is back in normal territory and investor sentiment is not extreme.
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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.
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