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Podcast: Steady Wealth Podcast
Episode: The Market is Flashing Sell Signals Again
Description: Investors and traders are starting to see sell signals in the market once again. While the first quarter for equities was very bullish, many are now watching the Nasdaq 100, which did about 18% in the first quarter, to see if this momentum is sustainable. However, the seasonality of the stock market should be taken with a grain of salt, as historical trends don't always hold true in the current economic climate. Economic data, such as the Purchasing Manufacturers Index, indicates contraction, and this could spell trouble for the equity market.
The fact that the equity market is living...