The Swing From Short-Term Oversold In January To Overbought Stocks Today [Charts]

The Swing From Short-Term Oversold In January To Overbought Stocks Today by Eric Bush, CFA – Gavekal Capital Blog

Stocks have swung from being very oversold in January to overbought today. 82% of developed market stocks are trading above its 50-day moving average. Back on January 20th, only 6% of stocks were trading above its 50-day moving average. DM stocks are as overbought today as they have been at any point in over two years (since October 2013).  DM Americas stocks are the most overbought as 87% of stocks are trading above its 50-day moving average. 78% of DM EMEA stocks are trading above its 50-day moving average and 80% of DM Asia stocks are trading above its 50-day moving average.

Its not just developed market stocks that are on fire either. 82% of emerging market stocks are trading above its 50-day moving average. Looking at EM stocks by region, 93% of EM Americas and EM EMEA stocks are trading above its 50-day moving average while 79% of EM Asia stocks are trading above its 50-day moving average.

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More


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