Daily Charts - Global Equities: New Lows Tracker
1.Global Equities: New Lows Tracker $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Dow Jones(.DJI)$
This indicator tracks new 52-week lows across 70 countries, and has been helpful in detecting turning points and major bottoms (when it spikes to high levels).
Being that it is not yet extreme --but is moving higher, this is risky ground...
On the other hand, you could argue that this selloff is mostly a US thing given high starting point valuations and policy uncertainty centered on the US... which is actually now triggering an unwind of the previous flows-feedback loop of foreign funds into the US market.
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2.Emerging Markets Credit Spreads ticking up off the lows...
Are EM investors too complacent?
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