Introduction

All major US indices closed lower last week with a Dow falling about a quarter percent to snap a four-week Wind streak. In fact the S&P 500 closed up or down less than 0.1% on three days last week The last time that happened September 2019 and October 2017. This is no market for swingers even the big swingers are kind of staying away According to B of a securities latest global fund manager survey Portfolio managers are as bearish as they've been all year. They're buying investment grade and high quality bonds at a record pace hunting for yield but maintaining those defensive postures. We may be buying I know I am but are we paying attention to some important