CNBC: “Warning signs for at least a near-term stock pullback are building”By datatrekresearch in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Nick Colas:
.... "Those moves come at a time when other signs are mounting for a potential modest pullback, according to Nicholas Colas, co-founder of DataTrek Research.
Colas advised investors to watch the Cboe Volatility Index for clues about where the market is heading in the near term. The VIX is trading around 15.5, which is still well below its long-term average near 20.
“We think there is enough uncertainty to push the VIX back to its long run average of 20 and take stocks lower by around 5 percent,” Colas wrote Wednesday evening in his daily market note".....
Full article here on CNBC.