A pullback is brewing, say these strategists who have examined every drawdown since 1956
Why now
Thesis: Strategists see limited signs of a major top
Catalyst to watch: Any sharp breadth or credit deterioration
Main risk: Complacency if signals are misread
Why it matters
RBC's study of past drawdowns finds few classic warning signs, implying any near-term correction would likely be shallow rather than a major top.
Details
While a modest correction is probable in the near-term, RBC Capital Markets’ analysis of previous significant market drawdowns finds many of the telltale signs are lacking at present.
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- marketwatch · 2026-09-28 11:02 UTC