Should you get ready for a June swoon?
June 02, 2014 at 13:21 PM EDT
A month ago, I reported that there was a surprising amount of skepticism, it not outright bearishness, among the short-term market timers I monitor, and that we therefore should see higher market prices during the next month or so. Sure enough, the S&P 500 is now 3% higher. Unfortunately, the market’s sentiment foundation is a lot weaker now than then.