Reports are showing that inflation and rising costs to borrow money have caused a solid contraction in business activity across the U.S. private sector, which helped the market in November. Then, some negative news from the University of Michigan’s five-year inflation expectations survey that showed long-term inflation remaining at 3%. What do we need to see occur before we can say that the bottom is here and stocks start to move up? The Sandman reflects on his three keys to identifying the bottom on this week’s market segment.