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Jurrien Timmer highlights that the market has lost considerable momentum in just a few weeks.
Timmer points out that the cap-weighted S&P 500 has been stuck in a trading range for four months, with internal market conditions reportedly churning. He observes that the equal-weighted S&P 500 does not look positive at present.
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Timmer has recently addressed other asset classes in market commentary. In April, he forecast a bull market for Bitcoin with a potential $300,000 price target in 2029 based on power law math in Bitcoin price prediction: Power law math suggests bull market targeting $300k in 2029, Jurrien Timmer predicts. Earlier, he noted that Bitcoin and commodities were outperforming in diversified portfolios, as detailed in Jurrien Timmer: Bitcoin and commodities lead diversified portfolios.