S&P Loss Coincides with Extreme Optimism…
Yesterday was only the 17th day of the year that the S&P lost more than 1% for the day. This coincides with a report of the extreme optimism that exists (meaning everyone is all-in)…
A short-term 2-5% pullback would be healthy here and certainly normal within a longer-term bull market. This pullback will then push out some of the ‘riskless’ mentality that exists and lead to the next leg higher.
Have a great weekend!