The market action that I've been observing really to me looks like a bear market.
For the first quarter all the major stock market indexes were down. This was the first time in 10 quarters as we had 9 consecutive positive quarters (I think that's a record).
The US stock market finally broke that winning streak we'll see how investors who thought the US stocks can only go up may react to their first down quarter in ten. But it's not going to be the last down quarter, I think this could be the beginning of several more down quarters to come.
Related trading instruments:
- iShares Russell 2000 Index ETF (IWM)
- SPDR S&P 500 Index ETF (SPY)
- Nasdaq 100 Index ETF (QQQ)
- SPDR Dow Jones Industrial Average ETF (DIA)