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EY Says "Up, Up and...No Way"

MRKT Matrix

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The S&P 500 - Is the Market Down?

When the S&P is down three days in a row, if it's in an otherwise upward sloping pattern, usually on the fourth day you see a positive result. So that tells me now this would be the fifth day in a row that we'd be down. That tells me momentum on the upside has has left the building, so to speak. I run out of reasons for the bull case after about one or two bullet points and I don't feel good about it. You know that things always overshoot on both the up and the down. Maybe we overshot a little bit on the upside and you do have to kind of wait it out. We're in decision time over

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