Stocks Now Below The S&P 500 200 Day Moving Average

The S&P 500 has broken below its 200 day moving average for the first time in 98 weeks.

This incredible run puts it at the top of the historical list.

After an almost two year never ending party in the U.S. stock market, participants calmly believe no hang over is necessary. I am in the camp that believes something far more wicked is waiting.

h/t Short Side Of Long, Pension Partners