Cognizant that we could reverse direction at any moment, the worst of the market correction storm may be over.
During the sell-off, some stocks were destroyed while others weathered the storm relatively unscathed.
What’s in store? The answer depends entirely on the state of the U.S. economy.
While a rate hike will come later down the line, perhaps December, but one little interest rate hike likely won’t derail economic growth.
Growth may already be in jeopardy. If so, not only will the market retest recent lows, but the selling could also cascade into a bear market.
The odds of that happening, however, appear rather low.
Here’s an intriguing clue for the market’s next move…