SPX Post-Rally Correction Cycle
Recent sell-offs in the market are a natural correction after a period of exceptional strength.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"Tuesday's losses extended declines on Friday, which some top Wall Street forecasters have framed as a healthy pullback."
"Regarding the broader economy, LPL highlights a 'natural credit cycle' where rising rates are beginning to 'discipline the market, force selectivity, and reset valuations.'"
"But that's exactly how some experts are reacting to the rout... 'Now we’re seeing a rotation. It’s about a broadening of the recovery story.'"
"After this year's steep rally, a correction cannot be ruled out, which is a normal feature of equity markets."
""We’re not surprised the market’s pulled down. Obviously, U.S. equity markets have been exceptionally strong over the last two years. It’s right to expect a correction.""