“It’s good to be in something from the ground floor. It was too late, and that is what I know. However, lately I feel like I got in at the very end. The best is over.” These were Tony Soprano’s words in the first episode of the Sopranos. And, it foreshadowed two of the major themes of the show – the decline of the American empire and the failure of 20th century institutions to remain relevant in the 21st century. It’s also very relevant to investors given the thrashing that the S&P 500 (SPY) has taken over the past week. The main focus of today’s commentary will dig into this question – is it the end of the bull market? Is this a temporary halt to the progress? Read on below to find out more….You can enjoy the updated version of my weekly comments published December 02/2021 in the POWR Stocks under $10 newsletter.

The last couple of weeks, we’ve discussed the stealth sell-off in the small caps and cyclical stocks. Last week, the selling broadened out, and the S&P 500 dropped 2.4%.

The market’s volatility has only continued and resulted in some wild, intraday price swings. Overall, the S&P 500 was down 4.9% from its all-time high on November 22 at yesterday’s low.

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