Downside Risk Remains
NDR Indicator Summary, April 2020 Macro/Fundamental Technical Overall Stocks, Bonds, or Cash Stocks (vs. Bonds) Bearish Bearish Bearish Bonds (vs. Cash) Bullish Bearish Bullish Global Regional Equity U.S. Bullish Neutral Bullish Canada Neutral Bearish Bearish U.K. Bullish Bearish Neutral Europe ex. U.K. Bearish Bearish Bearish Japan Neutral ... ................
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