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SMLL - Financials Are Painting A Dire Warning Sign For The Market
Direxion Daily Small Cap Bull 2X Shares
The bond market and the financial stocks may be sending a dire warning sign for the stock market. For the most part, it seems investors are missing out on the signals that are being sent. If the warning signs prove to be correct, it could suggest a market reversal is now in the works.
The S&P 500 has been range-bound since April 9, trading in a range between 2,800 to 2,900. But earnings estimates have been deteriorating and pushing the valuation of the index to very overvalued levels on both current year and one-year forward