The Risk of a Recession in the Stock Market

All of the O'Neill sectors are within 10% of each other in terms of performance. The number of stocks that are trading above their 30-week moving average got to a peak north of 75%. We think it's going to become a little bit more of a stock pickers market regardless of market direction as we move through the remainder of the year. I worry about a profit recession for corporate America as opposed to an actual economic recession for the country.