MDM and UVXY models moved back to cash given the uncertainty with interest rate direction. Over the short run, rates may head higher, pushing markets lower as rates spiked higher yesterday.
One will note the numerous corrections of between 2% to 9% since January 2013 when QE went full bore across many central banks. The NASDAQ Composite and S&P 500 are off around 1% at the time of this writing, thus could easily fall further.
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