3 of the 4 indicators on the Chart are showing reversal of trend...

3 of the 4 indicators on the Chart are showing reversal of trend that has happened only in the past few weeks .

Markets are getting jittery , some people go to cash as they either take profits or wait to see how bad a market correction looks like. If the US corrects 10% plus we follow.



https://www.*.com/stock-market-outlook-correction-fed-rate-cuts-corporate-earnings-election-2024-7


Stocks are likely to drop around 10% between now and the November election, Morgan Stanley predicted.

That's because corporate earnings look weak and need several catalysts to improve, the bank's Mike Wilson said.

Other forecasters have sounded the alarm for a soon-to-come correction as stocks look overvalued.

Stocks need a number of things to change the market rally is to continue, Wilson said, pointing to various obstacles, like high interest rates and tightness in the labor market.

Those obstacles are typically cleared once the economy enters a new business cycle, Wilson added, noting that the small-cap Russell 2000 index typically sees outsized returns after the economy goes through a recession. Until then, investors run the risk of a sharp downside to equities, he suggested.