Another bear market rally

Friday 31 March 2023

Tiresome perhaps but this is the nature of the beast. The Market Ear shows why.

Positioning lows at equity highs

Tactical backdrop right now is needless to say explosive. Positioning & sentiment indicators are very depressed and equities are trading resilient and also looking to break out. Here are some new charts that we are watching.

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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.