Sadly with banking allowed to gamble like pre-great depression, the stock market is so heavily influenced by them one must look at it as yet another manipulated indicator. Thus the low non-financial participation and strong support by the Federal Reserve which should focus on the economy but focuses on the market instead as it fails to raise rates the whole cycle until the very end.

One now asks if the Fed is creating a downturn on purpose. Good question? I tend to think even worse, they have no power to lift the market up more and are being forced to do whatever they can to brace for a downturn they've been artificially delaying for about 2 years now.