$SPX is well above the 12M price target of consensus strategists on the street. That's historically bullish for $SPX as strategists are forced to adapt a more accommodating narrative. Yes, price leads narrative, not vice-versa #knowthedata pic.twitter.com/gfcBQyxxGu — RenMac: Renaissance Macro Research (@RenMacLLC) November 27, 2023 Today’s Chart of the Day was shared by Renaissance […]
Chart of the Day – Thursday, August 17, 2023
Best chart we saw for the bulls was the spike in Put/Call ratios yesterday. We prefer more persistence than 1-day for $SPX, but every journey starts with a first step. pic.twitter.com/Jqv5gxFhhi — RenMac: Renaissance Macro Research (@RenMacLLC) August 17, 2023 Today’s Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). The S&P 500 […]
Chart of the Day – Wednesday, June 22nd, 2022
What is #copper saying about future growth? pic.twitter.com/FOPyOQvX3a — RenMac: Renaissance Macro Research (@RenMacLLC) June 22, 2022 Today’s Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). Copper has been stuck in a sideways range for over a year now. However, it’s decisively breaking the lower bounds of that range this week, closing […]
Chart of the Day – Thursday, April 7th, 2022
When in a late cycle environment (today and much of 2021), what should start outperforming? Utilities, energy, and health care. What's breakingout today, finally? Health care! $XLV pic.twitter.com/CllkJtjQhd — RenMac: Renaissance Macro Research (@RenMacLLC) April 7, 2022 Today’s Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). It’s a chart of the Health […]
Chart of the Day – Thursday, May 20th, 2021
#Bitcoin update: After hitting our 30k target, we're now in the "reflexive" zone. We're looking for a massive rebound to just under 50k where we anticipate prices stall. pic.twitter.com/QPheJh6fmz — RenMac: Renaissance Macro Research (@RenMacLLC) May 20, 2021 Today’s Chart of the Day comes from Renaissance Macro Research (@RenMacLLC). It’s a point & figure chart […]