S&P heading down in tandem with ASX200. If CBA anything to go by, correction has started with potential double top. Long overdue, based on comparable US PE ratios. So far, SP fall is on low volume, so no panic, yet. 2nd breach of 50 EMA is short time span is not positive though
Keep a close eye on US yields this week IMO. AUD going to suffer, pushing inflation here up. On the flipside, hopefully Chinese deflation should filter through to the rest of the world, in time.
