The Worst Two-Day Stretch in Weeks, Yet the Bulls Are Still in the Game
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Howdy folks. Would you believe the past two days are actually the most bearish two-day stretch we've seen since late July? It's true. Stocks have lost more ground since Friday's close than they have during any other two-day span in the past two months. Yet, there's still more than a small glimmer of hope, as the key floors we're mentally using as make-or-break levels still aren't broken.
We'll take a look at what's not yet wrong with the market in a second. The first thing I want to do is give a shout out to John Monroe over at our sister publication, the Elite Opportunity newsletter. He's kept his finger on the pulse of how the stock market and the bond market have been playing off of each other. And, he specifically suggested the iShares 20-year Treasury Bond Fund (TLT) was due for a bounce back on the 15th. It's been a brilliant trade so far.