Did The Market Just Get Infected?
Just last week, we were asking the opposite question, as traders were believing that the market had immunity to the risks from the "coronavirus."
This was a point we discussed with our RIAPRO subscribers in Monday's technical market update.
"As noted last week: 'With the market now trading 12% above its 200-dma, and well into 3-standard deviations of the mean, a correction is coming.' But the belief is currently 'more stimulus' will offset the 'virus.'
This is probably a wrong guess.
Extensions to this degree rarely last long without