Analysis of the Markets Recent Activity - Has Debt Hit Its Tipping Point?
Background: A “Runaway Train” Ends The S&P 500 hit it’s all time high on January 26th, and then experienced its first sell-off of any consequence in over a year. Before we look at why it declined, let’s review the background that led to the rally. On August 15th, 2016 the S&P 500 made an intermediate high, and then experienced a correction until bottoming on November 4th, 2016. On November 8th Donald Trump surprised the world and won the Presidential election. From that point