Entries by Peter Brandt

An excellent example of the “all-one-market” phenomena

It has come to be known as the “risk-on/risk-off” or “all-one-market” phenomena in global markets. It is a situation where seemingly unrelated markets have taken on an historically high correlation. Individual markets seem to be the proxy for all other markets. I have witnessed periods in the past when unusually strong correlations existed for months and […]

When the flag ($SPY) stops flying

The flag interpretation in the U.S. stock indexes is beginning to unravel. I have been loudly “waving the flag” for another leg down in the U.S. stock. Well, I am beginning to doubt this interpretation based on a well burried sentence in the Edwards and Magee book. I thank reader Andrew for our dialogue about […]