The market has been so overbought for so long, that most investors were ignoring the clear warning signs that we were in trouble.
For instance…
The Russell 2000 had diverged sharply from the S&P 500:
The same goes for high yield credit:
The market has been so overbought for so long, that most investors were ignoring the clear warning signs that we were in trouble.
For instance…
The Russell 2000 had diverged sharply from the S&P 500:
The same goes for high yield credit: