The S&P 500 Index dropped 2.1 percent in trading today. The Dow Industrial dropped 335 points or 1.97%.
This downside action comes as know surprise to EPJ Daily Alert subscribers. Money supply growth has been on a wild ride this year. It is down significantly from the start of the year, which means there is less money available to flow into stocks. However, recently, money growth has started to pick up again.
In other words, things have to be monitored very closely, I am now warning in the ALERT that recent volatility on the stock market could spread to the bond market and commodities. Be Prepared.
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