The distance between the S&P and high yield suggests the stock market starts the breakdown today

twitter.com/hks55/status/1085598670408552448 twitter.com/hks55/status/1085630001624403968 $GS Monthly #Update pic.twitter.com/SuA0fJXMvS — HiddenPivots (@HiddenPivots) January 16, 2019 twitter.com/hks55/status/1085565195366354944 The credit cycle looks something like this. We’ve basically been stuck in Phase 3 since 2015, though … Read more