What's so alarmed the chartists?

Richard Russell, one of the best-known investment chartists, is worried. Why? It's all in the indices, as Tim Bennett explains.

"The curse, it is cast the monster is creeping towards Bethlehem." No, it's not the opening line of the latest horror blockbuster. It's just one of a string of recent warnings from Richard Russell, one of the investing world's best-known chartists. The editor of the Dow Theory Letters newsletter has been telling his readers to bail out of US stocks since 20 May. So who is he, and what's so alarmed him?

Who is Richard Russell?

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.