Evergreen market positivists, take a seat. It seems equity market instability is taking over financial headlines again.
With the tit-for-tat trade war taking shape between the U.S. and a good portion of the rest of the industrialized world, analysts are once again reaching for—if not yet raising—their red flags.
MarketWatch recently featured this eyebrow-raising headline: "The Dow and S&P 500 are 10 trading days away from their longest corrections since 1984."
And in a story about some of the worst layoffs in 2018, TheStreet.com declared: "Let the layoffs continue. It's been a rough ride for some companies so far in 2018. The tariffs have spooked many industrial companies, as well as automakers. The market is flip flopping all over the place."
Barron’s unique take on this hot topic centered around legendary market technician Ralph Acampora, who is a pioneer in the field of chart-based trading.
Barron’s said Acampora "is growing increasingly concerned about recent moves in the stock market, notably in the Dow Jones Industrial Average." They added that "the primary utility of reading charts is a 'risk management' function, and what he's observing currently suggests that the bullish dynamic in equities may be unraveling."
