One of the better global leading indicators has created a bearish descending triangle over the past couple of years, and a breakdown of support looks to be taking place this morning.
What To Do?
Where do people hide if this leading global indicator breaks down?
On June 12, the Power of the Pattern suggested that the Portfolio Perfect Storm could be at hand. The chart below shows that a breakdown in bond and stocks was possible, creating an almost-perfect portfolio storm.
As I shared eight days ago ... it's not the odds of an event happening that is important, it's the impact if it does!
Watch Copper's Ripple Effects
While many might be attempting to figure out what the next move by the Fed may be, don't overlook the important message from Copper and its ripple effects on the S&P 500 and bonds.
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Leading Indicator Breaks Support, Perfect Portfolio Storm?
Published 06/20/2013, 10:30 AM
Leading Indicator Breaks Support, Perfect Portfolio Storm?
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