The S&P 500 dropped sharply after the Fed’s FOMC meeting on July 31st. Those who invested on January 26th, 2018 in the S&P 500 did not have any price gains in their account on August 7th, 2019. US equities were in a volatile sideways trend for the past 18 months. Fundamentals deteriorated during that time. Worldwide business conditions worsened as the Global PMI index shows. The PMI is among the most reliable leading indicators for assessing economic activity. It has been trending to the downside since early 2018. Moreover, there is no evidence that hints