Where to Now?
Submitted by Wespac Advisors, LLC on January 21st, 2016- Now that the S&P 500 has dropped nearly -14% from its all-time highs and reached support from the 2014 lows , the question is where to now?
- US equity markets have been largely running in lockstep with crude oil prices; crude oil is now trading below the 2009 lows and appears headed for support from the 2002-2003 lows in the $17-25/barrel range.
- Lon