The major U.S. stock market indices have pulled back within the 3 to 5 percent range of a normal pullback.
BUT we don’t know if this is closer to the beginning or end of the pullback / correction. Stock market indicators are pointing to risk aversion so it’s probably best for active investors to remain cautious and selective.
In today’s video we take a look beneath the surface to highlight key indicators for investors to monitor, while also ranking and analyzing the S&P sectors. Here are some highlights:
Stocks reverse early losses as the S&P 500 attempts to hold support.
Weakness in the semiconductor sector is a concern.
The high beta to low volatility ratio points to risk aversion.
Stock Market Today Video – May 10, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
