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Tom McClellan: These Decades-Long Correlations All Predict A Major Market Sell-Off Later This Year
Stocks markets have had a massive run since November of last year and all the major indices -- the S&P 500, the Dow and the NASDAQ - have hit all-time highs this week. US GDP growth for the current quarter is currently predicted to be 3.6%, global economic growth as measured by PMIs has turned positive for the first time in 2 years, the official unemployment rate remains below 4%, the most important stock to the markets -- Nvidia -- just beat expectations on earnings & revenues... So it's unsurprising the bulls are feeling large & in charge right now. Talk of hitting S&P 6000 later this year…
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