The S&P 500 has returned to near its 2007 peak, but without the deterioration beneath the...

|By:, SA News Editor

The S&P 500 has returned to near its 2007 peak, but without the deterioration beneath the surface evident then. In fall 2007, mid-caps, small-caps, financials, and transports were all headed lower, the A/D line was negative, the yield curve was flattish, and corporate spreads were on the rise. All of those signals are reversed today. (h/t Ryan Detrick)