Most FAANG stocks are in a bear market and economically sensitive sectors have sold off dramatically A couple of weeks ago I wrote, “If this selloff turns into a 10% decline, it would be the second such correction within eight months, which I fear would mean this nearly decade-old bull market is really in trouble.” […]
Wilson predicts that the S&P 500 may fall to 2,450 or 2,500 in the coming weeks There is more pain in the pain trade ahead. That is according to Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, who said, during an inter- view on CNBC midday Thursday, that a current market rebound belies a market […]
The stock market opened with a resounding thud on Tuesday morning, as the Dow Jones Industrial Average, at one point, had shed more than 500 points. The S&P 500 index and the Nasdaq Composite endured even harder hits, down more than 2% each. So, you must positioning yourself for that tasty bounce we’ve grown accustomed […]
