Don’t Be Fooled, All Is Not Well For Stocks
For those who only watch the headlines, the stock market looks as if it’s doing a pretty decent job digesting 6 years of gains. The Dow (DJI) is hanging out near record highs in the 17,000 area, the S&P 500 (^GSPC) is within 2% of the once unthinkable 2,000 mark and the Nasdaq (^ICIX) is higher than anytime in the last decade. Or maybe this is just the lull before the storm. As Josh Brown of the Reformed Broker CEO of Ritholtz Wealth Management notes in the attached clip, under the surface things are worse than they seem.
None.