I have written numerous commentaries in recent months pointing out that stocks should pull back from the highs. That’s because the economy is too strong...inflation is too high...and therefore it will take longer for the Fed to cut rates.
If you focus on the S&P 500 (SPY) or the NASDAQ it looks like my prediction is wrong. However, if you look at the recent losses for most other indices, including the Russell 2000 in negative territory on the year, then you can see that I am actually right.
