poised

If the market passes this upcoming test, stocks will be poised to rise.  We are not there yet.

If the market passes this upcoming test, stocks will be poised to rise. We are not there yet.

There’s still too much optimism on Wall Street, even after the Dow Jones Industrial Average’s DJIA, -1.70% Falling more than 500 points on Wednesday after the Federal Reserve’s last meeting and rate hike. Consider all the attention given to a possible “double bottom”. By portraying market weakness in this way, the bulls are trying to …

If the market passes this upcoming test, stocks will be poised to rise. We are not there yet. Read More »

The stock market is poised for a quick 20% selloff by mid-October with a recession increasingly likely, says Guggenheim's Scott Minerd

The stock market is poised for a quick 20% selloff by mid-October with a recession increasingly likely, says Guggenheim’s Scott Minerd

The bear market in equities is intact and the S&P 500 is on track to plunge 20% by mid-October, according to Scott Minerd of the Guggenheim. Minerd said a combination of poor seasons and overvaluations bodes ill for short-term stock prices. High inflation and low productivity suggest the economy has already entered a recession, Minerd …

The stock market is poised for a quick 20% selloff by mid-October with a recession increasingly likely, says Guggenheim’s Scott Minerd Read More »