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

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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.

EXCLUSIVE: KG Funds Shuts Down After 13 Years Of Outperformance

After 13 years at the head of KG Funds, the firm's founder, Ike Kier, has decided to step down and return outside capital to investors. The firm manages around $613 million of assets across its funds and client accounts. According to a copy of the firm's latest investor update, Kier has decided to step down Read More

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