On the famous fear/greed index, after spending most of the past year and half in "greed", we've suddenly switched to "fear" over a very short time frame.
The S&P has broken below both its 20 and 50 Daily Moving Averages.
Inflation printed hotter than expected, making Wall Street start to doubt the Federal Reserve's ability to deliver expected rate cuts.
And geopolitical tensions have puckered tighter following the escalation of hostilities between Iran and Israel.
Is the exuberant sentiment that drove the past year's bull market now gone?
Or it is just taking a breather before continuing to climb what has suddenly become a much steeper Wall Of Worry?
For answers, we're fortunate to speak today with market veteran Kevin Muir, founder and editor of The Macro Tourist, the highly-acclaimed newsletter that currently ranks as the #12th largest financial Substack in the world.
Follow Kevin at https://themacrotourist.com/
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