Accuvest Weekly Chartbook – February 21, 2014

The S&P 500, MSCI EAFE, and MSCI ACWI all remain below 2013 highs and closed this week failing at said resistance.  The Dow Jones Industrials, Transports, Financials, and Emerging Markets have lagged and are well below 2013 closing levels.  Relative strength can be seen in High Yield Bonds, Healthcare, Technology, and Utilities.  Commodities are by far the most attractive asset class year-to-date.  Natural Gas, Precious Metals, and Oil are all exhibiting strength.

U.S. Inflation and jobless claims data came out “OK” this week, while housing data was bad, and the Philly Fed Index was a disaster in comparison to early expectations.  Furthermore, the FOMC minutes hint that economic disappointments are not likely to derail the taper train.

Please use the link below to access this week’s Chartbook.

AGA Weekly Chartbook 2.21.2014

Best Regards,

James

disclosure: The opinions expressed in this Weekly Chart Book report are those of the author. The materials and commentary are strictly informational and should be used for research use only. This bulletin is not intended to provide investing or other advice or guidance with respect to the matters addressed in the bulletin. All relevant facts, including individual circumstances, need to be considered by the reader to arrive at investment conclusions that comply with matters addressed in this bulletin. Charts and information used in this report are sourced from Bloomberg.

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