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The seven most influential names in the market are testing a 1.5 year uptrend.
Source: TrendSpider
Monday was the worst day of the year for the S&P 500 at -2.7%.
It turns out even the best years usually have a bad day. @Ryan Detrick found 22 times >20% for the year and the average worst day in those years was -3.5%. 1997 had a 6.9% worst day and still gained 31% for the year in fact. Source: Carson
The forward PE of the Big Six: Alphabet $GOOGL now trades at 18.6x, below any other member.
Source: Koyfin
Don't be obsessed by trying to avoid corrections
Peter Lynch: "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves".
Is the liquidation over?
According to Goldman, CTAs are now short $10BN after selling $193BN in 2 weeks? Source. Goldman, www.zerohedge.com
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