No one is surprised to see a fat, red distribution day to greet the weak.
Goldman has come out to the media as a bear. No telling how long they’ve been actual bears.
But interest rates are still low. The economy is looking strong. Traditionally bearish economists are now bullish.
But selling just feels right. We’ve gone without a real correction for months. Unusual.
Let’s wait. Watch for signs of the still resilient leadership to crumble here.