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These Key Indicators Are Flashing Danger - Here's How to Prepare
• https://www.caseyresearch.comSo much for a New Year's rally.
Yesterday, U.S. stocks stumbled out of the gate.
The S&P 500 opened down 1.2%. The Dow Jones Industrial Average (DJIA) opened 0.4% lower. And the Nasdaq began the year down 2.5%.
As the day wore on, the market recovered. All three major indices closed the day in the black, albeit barely.
But it's been a different story today. As we go to press, the S&P 500 is down 2%. The DJIA is down 2.5%, and the Nasdaq is down 2.6%.
Those are huge one-day declines.
• This isn't the start to the year investors were hoping for…
After all, the S&P 500 fell 6.2% last year. That's the worst annual performance since 2008.
The S&P 500 is also coming off its worst December since 1931.
In short, investors were hoping for some relief. But the market's likely headed even lower.
I don't say this because of a hunch. I say this because several key indicators are flashing danger.
The good news is that there's still time to protect your wealth. I'll show you how to "get defensive" in a second.
But let's look at the first bearish indicator: the banking sector…