The Meb Faber Show · Friday, October 23, 2026
Vincent Deluard explains that he is turning bearish on U.S. stocks, pointing out that a majority of U.S. stocks are trading below their 200-day moving average despite indices hitting all-time highs. He notes that the market is showing a dangerous technical divergence where the bottom needs to catch up to the top or vice versa.
“I'm turning bearish on stocks.”
“I would say a majority of US stocks would disagree with you.”
“I think more than 70 percent of u.s stocks are trading below the 200-day moving average”