Why can’t we have nice things? The week contained enough good news to drive just about any market higher, but instead ended with the Dow Jones Industrial Average lower for the fourth time in five weeks. S&P 500: 2986.20
“Everything’s not awesome,” goes the theme to The Lego Movie2, “but that doesn’t mean it’s hopeless and bleak.” That’s the conclusion the market appears to have reached following a very volatile August.
Normally, these signs would be enough to make investors plan for the end of the bull market, even if the market has a habit of rising between the first inversion and the start of a bear. But these aren’t normal times.