Indices were climbing, oil and gasoline was climbing, the 10 year rate was inching up, (bonds prices started dropping) then Fed’s Powell shows concern out to 2022, and everything changed?? Maybe its all just a blip. 🙂
But if you think about it, the Dow SnP rally that started in April? Odds favor it may have just been a bear market rally. I think the same thing happened in 1929. All the indices except Nasdaq, have been looking questionable for a couple of years.