“Fund managers are shunning risk and are fearful of tensions between Russia and Ukraine, with 81 percent of investors admitting they think geopolitical risk poses a threat to financial market stability, according to new research. Investors have reacted to the concerns over Ukraine by hiking cash, ditching equities to a 15-month low and taking on extra protection, according to the monthly Bank of America Merrill Lynch fund Manager Survey for March.” Story at…
Me too, but it has been risk-on for the last 2-trading days. If the Market internals turn positive, I will increase my stock allocation back to 50%. VIX has been dropping rapidly and rising VIX along with sentiment were the reasons for selling.
Risk on again since Putin won’t annex Ukraine. The markets rallied after the statement. I am glad he is so trustworthy. I always trusted the KGB.
The 10-day moving average of stocks advancing was 52% at the close. (A number above 50% for the 10-day average is generally good news for the market.) New-highs outpaced new-lows Tuesday. The spread (new-highs minus new-lows was +126. (It was +100 Monday). The 10-day moving average of change in the spread was minus-16. In other words, over the last 10-days, on average, the spread has decreased by 16 each day. The 10-dMA of up-volume is still falling. The internals are neutral on the market.