Wennco Monthly Chartletter

September 28, 2018

Christopher Wenner, CIO 

BLOOMBERG RISK-ON RISK-OFF INDEX BACK TO LEVELS WHERE EQUITIES CHOPPED/PULLED-BACK IN PAST

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. DOLLAR COILING UP FOR NEXT MOVE

 

 

20-YR DOWNTREND IN YIELDS ON THE 10-YR TREASURY @ 3.04%, WHICH IS WHERE WE ARE TODAY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GERMANY’S DAX CONTINUES TO CONSOLIDATE

 

 

 

 

 

 

 

CRUDE OIL’S 10-YR DOWNTREND (FROM $140+) COULD BREAK TO THE UPSIDE AROUND $80/bl

 

 

 

 

 

 

 

 

PE RATIO OF S&P 500 REMAINS UNDER 2017-FIRST HALF 2018’S (BUT IS ABOVE HISTORICAL/LONGER-TERM AVG’S)

 

 

 

 

S&P 500 MONTHLY TRADING ENVELOPES: SIGNALING A PULLBACK IS LIKELY IN THE NEAR-TERM

 

 

 

 

S&P 500 SEASONALITY CHART:  OCTOBER HAS BEEN SURPRISINGLY STRONG FOR EQUITIES SINCE 2014 (MAYBE DIFFERENT THIS TIME)?

 

 

 

 

 

U.S. CONSUMER CONFIDENCE KEEPS MOVIN’ ON UP

 

 

 

 

 

 

 

VIX OPTIONS TOTAL OPEN INTEREST IS CURRENTLY LESS THAN 1/2 OF JANUARY’S (7.77M TODAY VS. 15.97M JAN. 2018)

 


This information is not intended to provide investment advice. Nothing herein should be construed as a solicitation, recommendation or an offer to buy, sell or hold any securities, market sectors, other investments or to adopt any investment strategy or strategies. You should assess your own investment needs based on your individual financial circumstances and investment objectives. This material is not intended to be relied upon as a forecast or research. The opinions expressed are those of Wennco LLC (“Wennco”) as of September 2018 and are subject to change at any time due to changes in market or economic conditions.

Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
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