Markets fall, may be entering late stage of cycle

Markets were mostly lower on Monday.

The S&P 500 was flat but the STOXX Europe 600 fell 0.5 percent, the Nikkei 225 fell 0.2 percent and the CSI 300 index fell 1.3 percent.

While the US stock market proved relatively resilient on Monday, Michael Santoli at CNBC noted that strategists generally think that “we are late in this economic and market cycle”.

Still, Bob Pisani at CNBC thinks that current conditions for the market are “pretty close to a perfect scenario” and that technicals suggest that “we're at least several months from a market top”.