Latest ECRI Weekly Leading Indicator Confirms My Bearish Outlook!

In last week’s Money and Markets column, I recommended getting out of the stock market. This was based on my cyclical model having turned bearish. Plus there was a clear breakout of the S&P 500 and many other global indexes from their well-formed, topping formations.On the same day my column came out, stock markets around the world started a nice rally … and in just three days the S&P 500 was up nearly 5 percent!Of special interest is the fact that the index is back above the lower boundary of its topping formation. Therefore, I think it deserves a second look to see…