Gavekal Capital: New Highs Have Recently Expanded

Thursday, June 12, 2014

New Highs Have Recently Expanded

Breadth has improved somewhat in the market recently. During this latest burst higher over the past three weeks, the MSCI World has experienced an expansion in new highs across a variety of time frames. This is a positive sign for the stock market but from an absolute level new highs are still generally lower than previous peaks.

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