Correction Time

Systemic price correction is in the offing for almost every market. As with all serious corrections, it is never about the reasons given by market pundits but primarily a structural price recalibration and as such always deeper than the even the bearish forecasts. While it is believed the greatest upside offenders will correct the most, there is really no evidence of any punishment for particular performance. Rather it is more of a random collection of price declines where sectors become the focus of wrath because managers work as a connected organism with limited insight.