ECRI Warns Elevated Risk of 10 to 20% Correction

Lakshman Achuthan, managing director at the Economic Cycle Research Institute or ECRI told CNBC yesterday that the US stock market is facing elevated risk of 10 to 20 percent correction.

Click for Full Sized Images

We ALREADY had a 12% decline  and the market is just pulling above its prior high.  

The stock market is part of ECRI's leading indicators so its new highs could also be signaling that ECRI's Weekly Leading Index (WLI) growth rate is about to bottom.  

Stock market facing elevated risk of 10-20 percent correction, economic forecaster says from CNBC.

So the question remains is a second decline over 10%  this year about to start? 

Kirk Lindstrom's Investment Letter

 Subscribe NOW  and get
the August 2018 Issue for FREE!!!