Mid-Quarter Update: Nine+ Negative Inputs for the Equity Market
We believe the risks of an intermediate decline are higher than average and would advocate a more cautious stance toward equities right now. The S&P 500 just turned positive for the year after a wild ride that saw the index plunge 34.07% in 23 trading days, a record. In this mid-quarter special report, we highlight nine sentiment indicators that are at/near/above the extreme readings historically recorded prior to significant intermediate corrections.
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