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On a current up-phase

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David Hay
Jan 14, 2026
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Hello, Subscribers:

This may come as a shock to you but today we’re actually running a chart that’s not from Kevin Muir!

Another of our favorite research sources is Jefferies’ Chris Wood, author of Greed & Fear. As you can see below, he’s pointing out an extremely significant development in global stock markets: the breakout above 18-year resistance by, of all things, the global stock market — excluding the U.S., that is.

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