Euclid Investment Advisory Blog

Review & Analysis at Close December 20, 2021

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Equities

Despite volatility since November 22, the S&P 500, and NASDAQ Composite continue their strategic Bullish trends; Europe's uptrend stalled; Emerging Markets, and China are Bearish.

  • Equity Style Tech Score Ranking: Despite the volatility, Large Cap Growth continues leading Large Cap Value and Mid and Small caps.

  • Sector Tech Score Ranking: Real Estate, Health Care, Utilities, Consumer Staples, Technology, the S&P 500, Materials, Consumer Discretionary, Financials, Energy, Industrial, Communication Services.

Bonds

The 30-year US Treasury yield is in a Long-Term downtrend; the 10-year US Treasury yield Long Term trend is flattening; the 2-year US Treasury yield is rising; the Long-Term trend is up.

The Yield Curve's flattening appears to be slowing. The spread widened to 0.78 from 0.76 last week.

 

Currencies

Currencies vs. the US Dollar: The Australian Dollar, the Euro, British Pound and Yen all continued weakening.

The US Dollar vs. basket of major currencies:
US Dollar paused its uptrend as it approaches next resistance zone 97.74 to 98.80.

Gold rose slightly but remains in a long-term trading zone of 164 to 170.

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