Update EQUITIES: Russell 2000 paints a different picture

Over the past week, my tone has switched a little more bearish. I was advocating for a blow-off top in equities before this cycle ends, however, on a second look at the data the leading indicators are continuing to show weakness over the coming 6 months. Certain aspects of the economic data are positive however, which makes it difficult to be outright bearish or bullish at this point. Hedging sector risk is a good long / short strategy.