The bottom half of the sector performance tables Monday was littered with the debris of everything that works well if our economic recovery proceeds smoothly, which it no longer is.
So, will folks spend the remaining weeks of the year winding down? Perhaps they don't want to press their bets?
There is a sense of complacency out there that smacks of too much confidence
Let's examine sentiment and how the Trading Index has moved in recent days.
Sure, stocks need to rest, but here's why I'm watching this ETF for the industrials. Also, let's look at the dollar and construction.
Little changed on Wednesday as the chop-fest continued, but here's what I see happening with volatility.
Sentiment has gotten the spotlight lately, but breadth is getting into tricky territory.
I am now hard-pressed to find a sentiment indicator that's not extreme.
We've got other business to take stock of: Breadth, sentiment, new highs, and, don't tell the talking heads on TV, gold.
Equity markets have run wild since Oct. 30, and it is the more economically sensitive indices that have really taken flight.