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Pragmatic Capitalism

Practical Views on Money, Finance & Life

Most Overbought & Oversold Assets

Just a little big picture perspective for you here.  This is the latest view of some of the biggest global asset classes and how oversold or overbought they are.  I used the percentage deviation from the 200 day moving average as a simple point of reference.

The notable stand-outs are natural gas vs brent crude and the stunning performance of the Nikkei Index versus all other equity markets.  If you thought the S&P seemed overbought….

As we all know by now, the commodity complex has been slammed in recent days and precious metals have taken the worst beating.   Silver is down an incredibly -24% from its 200 day moving average while gold is off -17%.  The beating in Brent Crude has been nearly as bad at -12%.

Chart via Orcam Investment Research:

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Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC.Orcam is a financial services firm offering low fee asset management, private advisory, institutional consulting and educational services.Cullen is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
Cullen Roche

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