Parallels Between the Current Market and the Run Up to the May Correction

Guest commentary by Michael A. Gayed.

Is it May all over again?

Its easy to get swept away in the string of market returns higher. Its been a spectacular run since September after all. But market declines often come when investors least expect them. To get a sense of the likelihood of a coming drop, we need to look at the internals of the market.

I am noticing a number of parallels that remind me of the lead up to the May correction we experienced this year: