Highlights
- As much as we all want to say yesterday's price action was bullish, I struggle to do so because the data (below) say otherwise.
- Bull markets are marked by calm, persistent behavior; bear markets are marked by chaotic, violent behavior. Yesterday was the latter.
- In today's report, we walk through market performance following 19 similar events since 1987, review the currently precarious state of the market, and remind readers of our gameplan for periods like this.
