CCM Models: What’s The Read Now?
Nothing particularly new from the CCM Bull Market Sustainability Index (BMSI) and CCM 80-20 Correction Index; they both say be careful in the short-run, but a correction should represent a buying opportunity. That stance is supported by our still under development risk model as well. Our guess is a 5%ish pullback is coming soon, but there is little evidence backing an imminent turn in stocks as of Monday’s close. 1,420-plus still seems within reach on the S&P 500.
