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Breadth Thrust

Aug 06 2020

After The “Thrust”…

  • Aug 6, 2020

We’re concerned that cyclical groups, which normally catch fire after a breadth thrust, are tracking along the bottom (or below) the previous worst-case outcomes following identical breadth-thrust signals.

Jul 08 2020

Should You Trust The Thrust?

  • Jul 8, 2020

There are two concerns with the latest bullish thrust signal, with one, in part, causing the other. First, the S&P 500 return preceding the MBI thrust signal was +42.8%, almost triple the average slippage of +15% associated with all prior signals.

Jun 26 2020

Should You Trust The Thrust?

  • Jun 26, 2020

During the first two months of the rally (and +30%) off the March lows, we noted that the usual cyclical leaders of a new bull market were underperforming on a relative basis, and there had been nothing even close to the “breadth thrust” that often accompanies an initial bull market up-leg.