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Posted in 1 - Liquidity Trader, Fed, Central Bank and Banking Macro Liquidity

Composite Liquidity Indicator (CLI) – Shows Stocks As Oversold

Are You Kidding Me?

Can this be right? Did the stock market become oversold in mid October versus Composite Liquidity. This chart said that it did. And even after this huge 2 week rally, it’s still much closer to oversold than overbought. The S&P 500 is still near the bottom of the liquidity band.

It’s very similar to a look it had in July 2011. That preceded 4 years of a relentless, virtually unbroken bullish string.

What should cause us to expect change?

The facts, figures, and outlook are reserved for subscribers. Click here to download the report.

This is Part 1 of a 2 part report. Part 2 will be published later today.

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