OTM Market Update – Consolidation

The asset/bond ratios of 52%/27% has not changed, but the market is in a consolidation, sideways phase.  Now would not be the time to put a lot of new money in this market.  Small caps continue bruised, midcaps a bit less so, and large caps largely sideways.  This is the beginning of a classic breakdown but it has not proceeded much further in the past few weeks.

The S&P 500 index is still well above the 200dma.  There has been some discussion of a “death cross” but I don’t see it yet.

 

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