• The stock market is finally beginning to react to the combined threat of much higher bond yields and a potentially more widespread crisis in the Middle East.  This does not mean that the stock market will fall in a straight line, but it does raise the odds that we’ll see more weakness going forward…even though we’re headed into a seasonal period that is usually a positive one.
  • The high yield market continues to break down…and it has now been enough to confirm a new downtrend in this asset class.  Since the high yield market has been a very good leading indicator for the equity market over the years, this is negative development for stocks.
You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Before the Open and All-Access tiers only

Try 14 Days Free