Stock Market Crash: Expert Warns S&P 500 Has 20% Further Downside

Bierman believes investors are too hopeful for a Fed pivot in 2023.The more inflation falls, the more hope investors have that a Federal Reserve pivot to dovish policy will come. Bureau of Labor Statistics reported that prices rose 6.5% year-over-year in DecemberBut according to Jeff Bierman, the chief market technician at TheoTrade who held the same position at TD Ameritrade between 2007-2015, investors shouldn't be betting on a shift to dovish policy in 2023.

"Inflation goes up like a volcano and comes down like a feather," Bierman said."It's going to take a while to reset inflation lower."This hawkish policy will eventually lead to a recession this year, Bierman said, a. An economic downturn will mean earnings estimates will have to come down, he said, which will be bad news for stocks.

But in addition to fundamentals, technical indicators are showing the market is due for another sell-off, according to Bierman. , also know as the VIX, which gauges expectations for volatility in the S&P 500. Bierman believes the S&P 500 will bottom out around 3,200-3,250. A bottom of 3,200 would represent 20% downside from the index's current level of 3,999. Bierman's recession call has become a somewhat consensus view on Wall Street.

Comments like that would explain why he is a 'former technical analyst.'

Ooops … did they realise it’s a total “Rodeo” out there … buckle up big boys

Well if he works for TD he's probably making more than enough money on commissions alone since they are the highest charging Commission brokerage company there is

“市场建立在完全自满的基础上”：一位前TD Ameritrade技术分析师表示，随着投资者开始意识到2023年美联储的政策不可能实现，今年股市将再下跌20%

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

The stock market set-up heading into the crucial CPI report Thursday morningStocks are rallying on a bet that inflation (particularly wage inflation) is moderating and that job growth will slow down but not collapse. Everyone knows it’s down .2%. Leaked
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

STOCK MARKET NEWS: Consumer prices on tap, air travel stabilizes, Amazon workers victoryDecember consumer prices gains may slow, but stay high. A labor board director upholds Amazon worker's union victory. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Fonte: FoxBusiness - 🏆 458. / 53 Consulte Mais informação »

Stock market outlook: S&P 500 could gain 18% if inflation keeps coolingStocks could rise 18% this year as long as inflation keeps coming down and the Fed backs off from its aggressive policy, technical analyst says
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Samsung Bitcoin Future Active ETF to Hit Hong Kong Stock Market on Jan 13Samsung's new Bitcoin ETF listing targets both retail and institutional investors.
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »