Good Tuesday morning. We continue to believe that this market weakness is being driven by “war risks”…it’s showing up in all of our data. Assuming that this passes, as we expect, we’ll once again be off to the races. This is “that” bull market. 

First, some stats, to give you an idea of how fast we’ve given up ATH’s and fallen into "heavily oversold" levels on the VRA Investing System;

- The Dow Jones closed lower for its 6th straight day. The index is down over 2,000 points from its most recent all time high.

- The S&P 500 closed below its 50-day moving average Monday for the first time since last November, ending the 10th longest streak since 1950.

- The S&P 500 is down 3.7% from its peak closing price (end of March). The median intra-year drawdown since 1928 has been -13% (pauses and corrections are a normal part of the bull market process)

- Monday was the first time (since November 2nd) that the S&P 500, Nasdaq and Russell 2000 (small caps) all closed be...