Skip to content
Aug 23 2019

Portraits Of A Split Market

  • Aug 23, 2019

Join Advisors

James Paulsen, Ph.D. / Chief Investment Strategist

Jim Paulsen

Read Jim Paulsen's renouned weekly market newsletter, Paulsen's Perspective.

Fund/ETF Notes

Updates from our CIO Doug Ramsey and the Portfolio Management Team


Ideas for advisors to make asset allocation, sector or factor tilts based on our research.

Free Trial

Take a test drive before making a commitment. Trial includes full access to our Advisors site.

Sign up today

There’s an old Wall Street adage: “When the wind blows hard enough, even the turkeys fly.” Based on the sophisticated meteorological instrument known as the “price chart,” the wind died down considerably beginning in January 2018, leaving only late-stage leadership themes airborne, like defensive, Large Cap, and Growth stocks.

Some market bulls believe the drop in interest rates and pickup in money growth will get the market’s gentle winds blowing again, providing a lift to the cyclical, Small Cap, and Value themes that have proven to be turkeys in the past 18 months. But charts presented here suggest that if the breeze has picked up at all, it’s been felt only at the very highest altitudes, leaving us with the most polarized market in forty years according to two of the three High/Low Logic measures we follow.


For full access, please enter your credentials.

About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager

Interested in Investing in a Model?

Contact us if you are interested in investing in our ETF models.