Today's number is... -0.87%

Out of the seven global regions I track, only one showed a negative return in April, the United States, which was down -0.87%.

Here’s the chart:

Let's break down what the chart shows:

• The red bars show the April performance for each of the seven global regions
• The blue bars show the year-to-date performance for each of the seven global regions

The Takeaway: The United States has been the last place that you wanted to be invested in this year. And the data shows this. 

The global shift in leadership is starting to take hold in 2025.

Money moves to where it's treated the best, and right now, that's not in the United States.

This is what we call global rotation.

Yet many people overlook the opportunities it presents due to their biases toward their home country or simply because they are unaware of it.

In April, only one of the seven regions I track showed a decline: the United States, which was down -0.87%. 

And the United States is the only region with...

Today's number is... -8.0%

The average global market is only in a -8.0% drawdown, while the average S&P 500 stock is in a -19.6% drawdown.

Here’s the chart:

 Let's break down what the chart shows:

• The black line shows the average S&P 500 stock 52-week drawdown.
• The blue line shows the average global market 52-week drawdown.

The Takeaway: I first pointed out a possible shift in leadership from the US to the rest of the world back in March. This was confirmed by the relative ratio of...

Today's number is... 50

After 43 consecutive days, the S&P 500 has risen above the 50 level on the daily RSI.

Here’s the chart:

 Let's break down what the chart shows:

• The black line in the top panel is the S&P 500 index price.
• The green and red line in the middle panel represents the daily Relative Strength Index (RSI) for the S&P 500. When the line is green, it indicates that the daily RSI is above 50, while a red line signifies that the daily RSI is below 50.
• The black line in the bottom panel shows how many consecutive days the daily RSI (14) has remained below the 50 level.

The Takeaway: The Relative Strength Index (RSI) is a momentum indicator that measures the speed and change of price movements. Recently, the daily RSI for the S&P 500 has climbed back above the 50 level after remaining below it for 43 consecutive days. This marks the longest period that the RSI has...