Over the last year, over 70% of the stocks in the NASDAQ were down over 20%, some might call that a bear market. It's definitely messy, but we've been in long term uptrend for a long time, so now it's a messy market within that uptrend. What do you call that?
The relentless strength in utilities in the face of rising interest rates is something that we can't ignore.
Everyone wants to talk about the yield curve and are freaking out about the inversion. But the yield curve has been flattening for over a year so the inversion shouldn't have been a huge surprise, it was just a matter of time. So what? When the yield curve inverts stocks do very well!