Frazier’s Buy-Sell Index
– Updated on the Last Sunday of Every Month –
05/31/17: Our Tactical Asset & Sector Allocation Model (and associated Buy-Sell Index) registered a Buy signal on November 23, 2016, indicating that U.S. stock prices, in general, would trend higher over the ensuing 12-18 months. As of March 31, 2017, that proprietary investment-timing indicator was still in positive territory. However, the relatively high reading on that indicator (and our Tactical Asset & Sector Allocation Model) suggests that financial market participants are currently over-valuing most U.S. stocks and that stock prices, in general, are in danger of pulling back sharply over the next few months.