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Pristine Market Analysis & Watchlist 6.4.24

Pristine Market Analysis & Watchlist 6.4.24

Breadth DivergencešŸ”„

Andrew O'Connell, CFA, FRM's avatar
Andrew O'Connell, CFA, FRM
Jun 05, 2024
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Pristine Capital
Pristine Capital
Pristine Market Analysis & Watchlist 6.4.24
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  • Indices advance but most stocks in the market are falling

Team,

Market breadth is weak, but index price action is strong. Let’s take a look under the hood. HAGEšŸ»

-Andrew


Market Update

NEW - Added in CCC (junk bond) credit spreads to help us gauge underlying strength in the economy. The idea is that if the economy is weakening, borrowers with weak credit ratings (poor financials), will feel the brunt of the weakness firstšŸ‘‡

MTD June Performance

Economic Data/News

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