Up to December 11, 2024 investment managers were moving in a direction of being fully invested. Since that time the S&P500 moved down from 6084.19 to 5881.63 on December 31, 2024. The NAAIM index has moved back to a trend line where investment managers are expected to position for a brief rally followed by a decline. A move below the lower trend line would indicate another move upward is expected. Next week should provide additional insight into the direction stock markets.
Note that this information is for educational purposes only and not a recommendation.
