Last week my wife and I were honored to welcome our baby girl, Elizabeth Thrasher into the world! Both my wife and the baby are doing great and we are excited to begin a new chapter of our family’s story.
To celebrate the birth of Elizabeth, I’m making this week’s Thrasher Analytics public and offering 15% off the first subscription period for new subscribers with discount code: Thrasher15.
This week’s letter focuses on the shift in concern from the poor breadth data that had been developing in the last couple of weeks, which has since improved somewhat, to a buildup in extreme bullish sentiment. Several of the charts shared in the letter are ones you likely won’t find anywhere else as I take pride in attempting to share unique views of the market beyond your typical market commentary:
-Nasdaq volatility dispersion compressed.
-Less than 2.2% of stocks are in a 20+% drawdown and what that could mean for the market.
-Average stock volatility has fallen to the lowest level since before the Covid Crash.
-Just 31% of stocks are seeing positive relative performance and why that not been a bullish development.
-FAAMG stocks continue to be market leaders as smaller cap stocks struggle to confirm new highs.
-Breadth data has improved but is still below prior highs.
-Gold and Natural Gas charts.
-High yield debt weakens relative to Treasury bonds.
To read the full letter you can download it here: Thrasher Analytics Letter July 5th, 2021
To get 15% off a subscription to Thrasher Analytics go to www.ThrasherAnalytics.com and use discount code: Thrasher15
(code will expire on July 13th)
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