“It’s all hype…” “It’s clickbait…” “It’s fearmongering…”
That’s just some of what folks are saying about my prediction that the stock market will crash this month.
I can’t blame them for being skeptical. After all, the financial industry is full of folks who make scary predictions just to capture headlines and get their “15 minutes of fame.”
But, what if I’m not one of those people?
What if I’m just a guy who has been following the financial markets for nearly four decades?
What if I’ve made plenty of bold calls – many of which have been dead-on accurate?
And what if I’m noticing that many conditions in the stock market today are eerily similar to conditions that have preceded bear markets before?
Folks… that’s not fearmongering. That’s just suggesting, as the storm clouds build in the distance, that you might want to carry an umbrella.
Let me show you just one of the things that has me concerned. Take a look at this monthly chart of the S&P 500 plotted along with its 20-month exponential moving average (EMA)…