Has the stock market been topping since May? It appears the stock market may be putting in a rounded top which indicates a major long term top. If that proves to be the case, we are still in the first half where rallies slightly take out old highs and after it rolls over, the run on the previous highs fail at the last moment.
The next sixty days should confirm. The Fed may panic and do something stupid so beware of an “ inflation adjusted” decline.
rno