For the third week in a row, the major U.S. stock indexes appeared to be on the verge of an overall gain at midweek, only to end up negative after declining on Thursday and Friday. The invasion of Ukraine has made Thursday's selloff even more dramatic, but this isn't an isolated event. If you have been overweight US Equities and now are feeling like Franka Potente trying to outrun the mob, or Tom Cruise in Live. Die. Repeat. battling alien invaders each week, there's good news... this isn't a lesson in metaphysical time loop sci-fi, it's just investing! You are in charge of your portfolio, and you can take action to alleviate this frustrating cycle!
Behavioral economists have studied how investors over-allocate to their local stock market. For Canadians, that's working out great, eh? But American investors have been rewarded so heavily for their home country bias throughout this cycle, we may have forgotten the wide world of equities on distant shores. As the charts in this week's edition of the GoNoGo Charts show will demonstrate, relative and absolute opportunities exist for trends in foreign equities and within the commodities space. As trend followers, we want to "fish where the fish are." Right now, both absolute and relative trends suggest that the grass may actually be greener in other pastures.
This video was originally recorded on February 24, 2022. Click this link to watch on YouTube. You can also view new episodes - and be notified as soon as they're published - using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!
New episodes of GoNoGo Charts air on Thursdays at 3:30pm ET on StockCharts TV.
