U.S. Stock Market

Three Walls of Worry Explain the Stock Market Corrections
by Claus Vogt
 
Stock markets around the world are down about 10 percent since their January highs. Complacency, which was so high only weeks ago, has quickly vanished. Worries, if not outright angst, have returned...
 
The U.S. Still Leads the
World's Financial Markets
And Shows No Deterioration!
I'm a European living in Germany. Yet my main analytical attention has always been directed towards the U.S. financial markets, because that's where the major trends are born. The 2007-2009 crisis showed the validity of this approach ...
When others were talking about the decoupling of Asia, and even Europe, from the U.S., I stuck to my approach and predicted a global recession starting in the U.S.
Now I look at the leading economic indicators for the U.S. and do not see any signs of a pending recession ...
I look at U.S. interest rates and do not see increases large enough to become a threat to either the economy or the stock market ...
So there you have it ... stock market corrections from three regions of the world explained by vastly differing reasons. Debt worries, too much growth and too little growth. Whatever story fits best to falling stocks seems to be offered by the media.
But to me the current situation is typical for a correction in an ongoing, medium-term up trend.
We could easily see another week or two of shaky stock market behavior. And I expect that this correction will run its course relatively soon. Thereafter, January's highs will quickly be in jeopardy. (go to article)