The S&P 500 is currently down about 6% from its high. That’s not even a correction (10% drawdown) – let alone a bear market (20% drawdown).

I talk a lot about looking at what the institutional investors, the “smart money”, is doing… Especially when it comes to their positioning within sectors and stocks.

Stocks just saw their fourth straight week of declines. The situation in Iran seems to be escalating instead of winding down…