Those who have followed us for at least six months know how well we’ve identified major turning points in the U.S. stock market.
When the S&P 500 Index SPX, +0.07% broke below 2,880 points in the fall, I noted that I thought the downside risk outweighed any further upside potential. And, as we now know, that breakdown opened the door to the correction to the 2,345 level.
As the S&P 500…
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