Bear Market in Tech Momentum Stocks Raises Red Flags
At this juncture, as we move into the final five weeks of the year, the state of the stock market looks fragile.
At the start of the year, I was optimistically forecasting gains of 10% or more for the stock market, but with the change in the macro environment-namely the China risk and rising yields-my hope now is for the stock market to end the year in the black.
Never mind a 10% gain; a break-even outcome is welcomed at this point.
I'm not shifting my stock market bias to bearish yet, but the deterioration in the technical picture may inevitably force my hand.
Just like September and.
Den vollständigen Artikel lesen ...
At this juncture, as we move into the final five weeks of the year, the state of the stock market looks fragile.
At the start of the year, I was optimistically forecasting gains of 10% or more for the stock market, but with the change in the macro environment-namely the China risk and rising yields-my hope now is for the stock market to end the year in the black.
Never mind a 10% gain; a break-even outcome is welcomed at this point.
I'm not shifting my stock market bias to bearish yet, but the deterioration in the technical picture may inevitably force my hand.
Just like September and.
Den vollständigen Artikel lesen ...