SPXT - A Long-Term View To Anticipate Market Peaks

• It may seem too obvious to comment on this. Just the same, it bears repeating that markets peak with earnings and economic activity after the fact.
• Some significant firms are calling for 15% correction today while others are not. In my experience, forecasting short-term market shifts has always proved a very public means of proving one’s market ignorance.
• When T-Bill rates are lower than 10yr Treasury rates, there is always some reserve capital in markets to counter short-term cash flow ebbs. This gives investors time to adjust to unexpected negatives.

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