notching their third weekly loss in a row. The S&P, down 1.5% in Monday's premarket, is on pace for its worst September since 2011.
"That rotation right now is in a kind of violent phase," he said. "Our view is you want to use weakness over the course of the next couple of months in order to add overall to equities, but we think you want to add in value, small caps and international stocks." "When you get to the first quarter of next year, ... you'll have a president, we think you're likely to have a vaccine, you're likely to have an economic recovery that's a year in and companies are very likely to face very easy comps on a year-over-year basis," he said. "But between now and then, we expect to see some choppiness as the market rotates, and we would use that as a buying opportunity.
"But like Steve was saying, there's going to be some volatility here in between and I think that's what we're ultimately seeing," he said in Friday's interview. "If you look at the chart of the S&P 500, we broke out above the prior highs we had seen in February. Now we're starting to come back in underneath that. Technically, that's a sign of weakness, when you start seeing those breakdowns below those prior highs.
Will Americans take a vaccine if they don’t trust the Trump administration interference in the development process?
The subject interviewed references a vaccine available in the 1st quarter of next year which is a different timetable than what the CDC Director gave in his testimony of 3rd quarter. Furthermore most Americans don’t trust the rushed process and political pressure from Trump.
SILVER, GOLD, PALLADIUM, PLATINUM WILL CONTINUE TO RISE. BASICALLY, THE DOLLAR IS ABOUT TO COLLAPSE! SURPRISING, IT MADE IT THIS FAR! THANKS FEDERAL RESERVE! GO PRINT SOME MORE MONEY! THAT HAS ALWAYS BEEN YOUR ANSWER! NOW WE ARE GOING TO HAVE TO PAY! GET READY FOR THE FALLOUT!!!!
*****NEWSFLASH****** ANYBODY WITH A PULSE CAN SEE THE IMPEEDING STOCK MARKET CRASH IS INEVITABLE! LOOK FOR IT TO HAPPEN BEFORE THE ELECTION! THIS IS SOMETHING THE DEEP STATE CONNECT WILL TRY TO USE TO DISCREDIT PRES. TRUMP AT THE POLLS IN A LAST DITCH ATTEMPT TO STEAL PRESIDENCY!
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Source: CNBC - 🏆 12. / 72 Read more »