The S&P 500 and DJIA are convenient benchmarks, but they can hurt your returns if you give them too much weight.
There is a reasonable possibility, in our view, of the recent rally failing near current levels.
Despite a largely unfazed market, here's why I remain very cautious overall.
We will soon see if another V-shape move is in the cards.
Index charts all remain in near-term downtrends.
It isn't a coincidence that the copper market is teetering between feast or famine at the same time as the S&P 500.
The technical definition of a correction is a 10% decline from the highs. Let's imagine that scenario and how to play it.
All index charts are in near-term downtrends
We turn to technical analysis to see whether the current market decline is going to continue or whether buy entries will present themselves.
China cannot be the engine that global economies have relied upon if its goals have shifted back toward pulling power away from even its own leading businesses.