The stock market sell off continues. And it’s to be expected.
The S&P 500 has now gone 131 sessions without touching its 50-DMA. This is the longest streak since 2007 (almost 20 years). Based on this alone, the odds were quite high that the S&P 500 would correct to touch its 50-DMA.
However, this is nothing to panic about. High yield credit, which typically leads the S&P 500, is signaling that most of the decline is over. Stocks might have another 1%-2% downside to go, but they should find their footing relatively soon.
What happens then is critical: the #1 question for investors is if this is going to be a garden variety correction or if it’s the start of another bear market/ crisis.
To answer this, I rely on a proprietary indicator that has triggered before every major meltdown in the last 50 years. This signal caught the 1987 crash, the Tech Crash, the Great Financial Crisis and more.
We detail this trigger, how it works, and what it’s saying about the markets today in How to Predict a Crash.
Normally we’d sell this report for $499, but in light of its recent warning, we’re making 99 copies available to the investing public.
To pick up one of the last copies…
Graham Summers, MBA
Chief Market Strategist
Phoenix Capital Research
