Market Trends Are Matching A 2000-2002 Pattern

The market trends are matching a pattern from 2000-2002, notes Russell Stone. He discusses things to watch for in debt ceiling talks and Fed speak. He talks about how automotive loan defaults and repossessions are growing in a post-stimulus economy. He mentions similarities in the current market to the 2000-2002 market pattern. He then gauges inflation and high rate risks. He algo goes over the drop in PMI and imbalance in retail inventory and demand will lead to a sizeable unemployment increase. Tune in to find out more about the stock market today.