Three times in the past 35 years the NYSE Composite Index has been at all-time highs as the small-cap Russell 2000 Index fell below its 200-day simple moving average: 1999, 2007 and this week. Not definitive of what’s coming next; but food for thought…
Chart source: Kimble Charting Solutions
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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
