TRADER ALERT: Powerful “Indicators” Suggest A Stock Market Selloff And Inflation Could Be Just Around The Corner And More Market Experts Start Getting Worried. NOW The Fed Is Showing Financial Fear!
January 7th, 2013
CREDIT SUISSE: 8 Key Indicators Suggest A Stock Market Selloff Is Near
Credit Suisse Global Equity Strategist Andrew Garthwaite and his team are taking a bit of stock market exposure off the table after the recent run-up in the S&P 500 over the past month.
Garthwaite warns clients in a new research note out this morning, “Many of our tactical indicators point to a consolidation phase in the equity markets, in the near-term.”
In the note, Garthwaite highlights nine charts that show how, just as the stock market has taken a turn upward since mid-November, investor sentiment toward stocks has soared higher in that short amount of time.
Many of the charts show sentiment indicators now at multi-year highs, suggesting elevated risk of a market selloff.