Something changed this week in the markets. It has us on heightened alert.
I’m raising a yellow flag at this time. I sent out a Market Update via email today and all members can read and view charts under our market commentary.
We should be under heightened alert anyway. September and October are known for market swoons and crashes.
Today’s market backdrop seems to be inviting trouble. But as long as corporations are allowed to lever up their balance sheets and buy their own stocks on the open market, the market has support.
“As long as” may run into difficulty soon based on recent news. Keep sipping at your own risk.