Interesting commentary from Lowry’s via Jeff Saut’s weekly newsletter:
“In summary, just as at the April high, there are currently no indications a major top is forming. As to the extent of any short-term pullback, investors should monitor measures of short-term Supply for signs of a sharp increase. Also, the April top was quickly followed by a pair of 90% Downside Days. Similar intense selling after any near term market high would again suggest a deeper correction is possible, potentially the 5% – 7% range rather than a milder 3% – 5%. However, the probabilities argue strongly against anything approaching the April – August decline.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He 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.