Dow/S&P Need New Leaders Than Financials

On Jan 9, 2018, I predicted the beginning this quarter of a bear market for the financial sector. This has clearly begun. But what does it mean for everyone else?

One thing is that so much of the Dow and S&P 500 Indices are made up of financials that the coming downturn in financials will inevitably mean a downturn for the Dow and S&P.

So many folks have their retirement portfolios pegged to the indices that this means the damage won’t be contained to just those holding financial stocks. We need new leaders in these indices if we want to mitigate the damage of the coming financial sector bear market.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s