Downward revisions to economic numbers and corporate earnings imminent. S&P breadth weakest in over a year, signaling potential downturn. Credit spreads will spike.
Remember how I warned you all that after the election, we'd suddenly start getting "surprise" and "unexpected" downward revisions on all of the allegedly glowing economic numbers? 😎 Now watch corporate earnings and forward estimates revise down. — Uncle Milty’s …