SFY - Technically Speaking: On The Cusp Of A Bear Market
"Tops are a process, and bottoms are an event"
Over the last couple of years, we have discussed the ongoing litany of issues that plagued the underbelly of the financial markets.
The "corporate credit" markets are at risk of a wave of defaults.
Earnings estimates for 2019 fell sharply, and 2020 estimates are now on the decline.
Stock market targets for 2020 are still too high, along with 2021.
Rising geopolitical tensions between Russia, Saudi Arabia, China, Iran, etc.
The effect of the tax cut legislation has disappeared as year-over-year comparisons are reverting back to