We’ve talked about how all of this could be a major problem.
On a relative basis, we’ve seen some strength over the past two months in the more defensive areas of the stock market. They still appear to be in longer-term downtrends, but the strength the past quarter can’t be denied.
Can these two continue without the others? I think only for a short period. Eventually one’s gotta give. That’s my bet anyway.
Do you see it differently?
Let us know what you think!
JC