What The Charts Say - Buckle In!
// Zero Hedge
Despite the large February – April rally stocks are down year over year (May 6 2015- May 6 2016). $SPX is down over 1%, the Nasdaq is down over 4% and small caps are down over 8%. On May 6 stocks closed basically where they were in the third week of March which implies they haven't really gone anywhere in the past 7 weeks.
And not going anywhere has really been the theme since QE3 ended. So this period of consolidation remains completely ....