Going into the end of last year and at the start of this year I released a series of videos in which I said that the stock market weakness last year and gyrations across multiple financial markets represented a major stock market cycle shift that would lead to a very nasty bear market.
The stock market rally that began the day after Christmas has not changed my view on this, because we are seeing new leadership sectors emerge inside the stock market while past leaders continue to falter.
If you want to beat the market you MUST focus on this reality
I know everyone is obsessed now with the stock market averages, but when you look beyond the simple stock market action and at what has been happening it is clear that a slow motion change is taking place.
Here is a list of things happening so far in 2019 to think about:
1)Gold went through $1300 to continue its leadership strength going up faster than the stock market as it has been continuing to do so since last Labor Day.
2)An inverted global bond market and collapse in the Baltic Dry Index telling us that the global economy is still slowing down.