MM Weekly Outlook: Upheaval
After many weeks of ambiguous sentiment, the coming week to ten days' pattern has a clear story to tell. As shown in the social mood spaghetti chart below, the overall feeling reflects one of risk aversion and a need to hunker down. There is sense of crisis, disaster or things falling apart. There is a known event of presidential change upcoming, and there may possibly be some apprehension to the unknown regardless of who one voted for or economic potential seen in the change of administrations.
MMI vs. S&P 500 chart (below) is portraying a mostly down market through mid to late January, with particular emphasis in the coming week or so.