Hartnett: The "Sell" Signal Is Over, But April 2 Looms

Last week we pointed out that whether due to skill or chance, Michael Hartnett's "sell" signal - which as we reported back in December had been triggered with just two weeks left in 2024 - had once again successfully marked the peak of the market, and a few weeks later culminated with a 10% S&P correction in 20 days, the 5th fastest correction in the last 75 years (the fastest ever was 8 days, during the onset of Covid – 2/27/20), a 14% drop in the Nasdaq, 20% drop in the Mag7, and a 5% slide in the ACWI -5%.