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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Winter Cat

Winter Cat

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Saturday, September 24, 2022

GLOBAL MONEY FLOW: Cash & Crash

I've written a number of posts in the last few months regarding the MSCI World Index and the SPX, several of which are here and here, respectively, (together with subsequent updates) warning of further market crashes.

The following Year-to-Date and One-Week Percentages Lost/Gained graphs clearly depict, at a glance, global money flow for 2022 and for the past week (graphs courtesy of StockCharts.com).


MONEY FLOW YEAR-TO-DATE


U.S. Major Indices

U.S. Major Sectors

European Major Indices

Canada, Japan & Australia Major Indices

Emerging Markets ETF, BRIC Major Indices & BRIC ETF

Commodity & Agriculture ETFs & Commodities

Currencies, BITCOIN, XLF, EUFN & GXC

MONEY FLOW SEPT. 19-23


U.S. Major Indices

U.S. Major Sectors

European Major Indices

Canada, Japan & Australia Major Indices

Emerging Markets ETF, BRIC Major Indices & BRIC ETF

Commodity & Agriculture ETFs & Commodities

Currencies, Bitcoin, XLF, EUFN & GXC

SUMMARY

Overall, the biggest winners have been:

  • the Oil and Gasoline sectors, 
  • as well as the U.S. Dollar.

The biggest losers have been:

  • Bitcoin, 
  • global equities (especially U.S., China, Russia, Europe and the emerging markets ETF, EEM), 
  • global Financial ETFs (U.S., Europe & China), 
  • foreign currencies, 
  • U.S. Bonds, 
  • copper & precious metals, and
  • U.S. Discretionary, Technology, Materials and Financial Sectors.

During the past week, there has been:

  • continued buying of the U.S. Dollar, 
  • continued selling of Bitcoin, 
  • some selling in Oil and Gasoline,
  • accelerated selling of the British Pound, the Euro, Aussie Dollar and Canadian Dollar,
  • accelerated selling of the U.S., European and Chinese Financial ETFs (XLF, EUFN and GXC), and
  • accelerated selling of global Major Indices (including U.S.), and U.S. Major Sectors.


CONCLUSIONS

All in all, I see no pivot away from U.S. Dollar strength and global equity and sector (and Bitcoin) weakness...YET.

So, for the moment, U.S. cash is king, as the U.S. Fed has signalled its intent to continue raising interest rates and keep them elevated for some time after inflation has declined to the Fed's 2% maximum inflation target...which could last well into 2025.

*********

P.S. After I published this post, I came across the following article...which, interestingly, confirms my conclusions...

And, more analysts' opinions...