Omar El Chmouri and Sagarika JaisinghaniAri Wald, head of technical analysis at Oppenheimer, joins BNN Bloomberg and talks about his take about techincal take on big tech stocks.
The team led by Christian Mueller-Glissmann said while stocks could decline into the year end — hurt by higher valuations, a mixed growth outlook and policy uncertainty — the odds of an outright bear market are slim as the economy is also in part being supported by a “healthy private sector.” In a note dated Sept. 9, they said they remained tactically neutral in their asset allocation, but were “mildly pro-risk” over a 12-month horizon.
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