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Tom McClellan: Market correction driven by bearish seasonality and RASI +500 failure

Tom McClellan: Market correction driven by bearish seasonality and RASI +500 failure
Market correction tied to bearish seasonality

Tom McClellan points to two primary reasons for the current market correction. He identifies a shift toward bearish seasonality, particularly in the second year of a presidential term, as one driver.

McClellan also highlights a recent failure at the RASI +500 level, which he discussed two weeks ago. Both factors, he suggests, support the case for the ongoing correction in market conditions.

McClellan has recently addressed other market relationships in his commentary. Earlier, he highlighted how large net long positions among Bitcoin futures traders contributed to a price breakout. He has also stated that mortgage and long-term interest rates are driven by global temperatures, noting a link between warming and lower rates.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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