Stocks look very weak. The overall index is holding up relatively well, but “beneath the surface” a bloodbath is unfolding. High yield credit breaking down quite badly. As I write this, it is signaling a pullback in the S&P 500 to at least 5,850.
Stocks look very weak. The overall index is holding up relatively well, but “beneath the surface” a bloodbath is unfolding. High yield credit breaking down quite badly. As I write this, it is signaling a pullback in the S&P 500 to at least 5,850.