Typically, bull market rallies generate favorable shifts very quickly, so the failure to do so in this instance has kept us both skeptical and generally defensive. (hussmanfunds.com)
We are always sensitive to the potential for a favorable shift in trend uniformity, which would move us to at least a modestly constructive position. (hussmanfunds.com)
First, if we do get a favorable shift, it would be on an excruciatingly overbought condition. (hussmanfunds.com)