Below is our trend following update for August of 2024. Our trend following system uses multiple moving averages to identify the long-term trend in a variety of equity indexes, asset classes, sectors and investment styles.
Most major asset classes remain in uptrends, despite the recent market pullback. The one major change from our previous report last month is the move to sell in commodities, which have broken down technically due to the recent lower inflation and economic growth.
All sectors remain in uptrends according to our system.
Across the value and growth spectrum, all investment styles also remain in uptrends
For more information about our trend following system or to dig into the details for any individual asset, click the links below:
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