Ep. 7 - Big Money Index Signals Pullback Ahead
Equities saw their worst daily pullback in weeks.
Our Big Money Index signals pullback ahead.
Yesterday was a reminder that volatility can strike out of nowhere.
The S&P 500 declined .92%. Even more jarring, the NASDAQ 100 fell 1.55%, its single worst performance in 6 weeks.
This pullback came just as the Big Money Index fell out of overbought territory. From a data-standpoint, this surprising turbulence actually came right on time.
A falling BMI indicates bids are fading and near-term caution is warranted.
Just don’t get too cute with the bearish rhetoric. While our cautious stance is still…
The skinny
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