ASYMMETRY® Observations
ASYMMETRY® Observations are Mike Shell’s observations of all things asymmetry, asymmetric risk/reward, asymmetric payoffs, and asymmetric investment returns.
Original thinking on markets, risk, and asymmetric investing — delivered the moment it publishes.
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Getting Technical About the S&P 500 Equal Weight Index
This chart of the S&P Equal Weight Index (SPXEW) includes a linear regression channel, RSI, and ATR percentage indicators to analyze its current trend, momentum, and volatility. Linear Regression Channel…
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Communication Services are in an Uptrend
In analyzing the Communication Services Select Sector Index for asymmetric risk-reward, the chart illustrates recent strength as the price has pushed beyond the upper boundary of the upward channel. This…
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Bullish Breakout in Consumer Cyclicals
In analyzing the Consumer Discretionary Select Sector Index for asymmetric risk-reward, the chart reveals strong bullish momentum as the price has recently broken above the upper channel boundary. This breakout…
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Analyzing the Trend, Momentum, and Volatility of the Consumer Staples Sector
In analyzing the Consumer Staples Select Sector Index for asymmetric risk-reward, the chart shows recent price action approaching the lower boundary of a downward-sloping channel, suggesting a period of weakness.…
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Analyzing the Industrials Sector Trend, Momentum, and Volatility for Asymmetric Risk Return
This chart displays the performance of the Industrials Select Sector Index to analyze its asymmetric risk-reward. The chart indicates an upward trend channel, where the price has reached the upper…
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The Materials Sector Trend, Momentum, and Volatility
This chart of the Materials Select Sector Index (SIXB) includes a linear regression channel, RSI, and ATR percentage indicators, providing insights into its trend, momentum, and volatility to analyze its…
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Declining Interest Rates are a Return Driver for Utility Stocks But Focus on the Asymmetric Risk Reward
Declining interest rates are a return driver for real estate stocks, but we focus on the trend, momentum, and volatility to analyze its asymmetric risk-reward. This chart of the Real Estate…
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Interest Rates Impact Utility Stocks, But We Focus on Trend, Momentum, and Volatility for Asymmetric Risk Reward
Rising and falling interest rates have an impact on utility stocks, but we focus on the trend, momentum, and volatility to analyze its asymmetric risk-reward. This chart of the Utilities Select…
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Navigating Asymmetric Risks in Unstable Times: Insights from Ray Dalio’s Big Cycle Framework
In “We Will Soon Find Out,” Ray Dalio explores what he sees as a pivotal moment in the U.S.’s political and social trajectory, which he frames through his theory of…
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Comparative Analysis of Key Economic Indicators: Trump vs. Biden Administrations
Understanding how presidential administrations influence economic indicators is key to assessing their impact on American prosperity and stability. The Trump vs. Biden-Harris chart from the Job Creators Network provided compares…
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Interpreting the VIX Term Structure: What the Market is Saying About Volatility and the 2024 Election
The recent VIX term structure chart reveals intriguing insights into market sentiment around volatility heading into the 2024 U.S. election. Currently, we observe an initial drop in volatility expectations for…
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Understanding the Flow of Corporate Buybacks: Implications for Investors the Rest of 2024
In 2024 U.S. corporate stock buybacks have reached unprecedented levels, making them an essential consideration for investment managers pursuing asymmetric returns. The latest insights from Goldman Sachs* reveal that buyback…