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Rough Week For Stocks As Credit Spreads Issue Warning | Lance Roberts & Adam Taggart
Well, portfolio manager Lance Roberts has been warning for a while now that stocks were materially overbought and due for a 5%+ correction. And it looks like that started this week, with the S&P selling off 3% over the past 3 trading days. Interestingly, it began with a massive flow of capital into small cap stocks, though that moderated a bit as the week progressed. Whether or not this is the beginning of a Great Rotation from Big Growth into Small Value remains to be seen. But more interesting to Lance is that credit spreads are starting to widen in lower-quality bonds. This is the first…
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