One major divergence in the market is giving a top trader dot-com bubble flashbacks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

One major divergence in the market looks like the dot-com bubble, trader says (via TradingNation)

" on Tuesday. "We saw it in 2015 where we had an earnings recession — earnings went down and the stock market was flat. Well, this year we have earnings that are flat and may end up being down. … That's quite a divergence."

"You very rarely get that kind of divergence that lasts very long. We had it to a smaller degree in 2012, and we definitely had it back in 1997, and the market continued to move higher but that of course was in the middle of a bubble," he said. "Unless you're really looking for a big bubble here going forward, it's kind of hard to be bullish on the broad S&P. That doesn't mean that we have to have a correction or a recession or anything like that, but I do think it's means that between now and at least the election next year, stock picking and group picking is going to be the main priority," said Maley.

"It's all about the 'non-QE that's really QE' that we're getting here from the Fed and you can't fight the Fed," Tatro said during the same segment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation It’s likely either 1998 or 2000-2001. Very very similar setup to both periods.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Trump's phase one trade deal won't help stock market for long: MS - Business InsiderMorgan Stanley's chief US equity strategist says the market is at risk for another 2018-style selloff after it rallied on hopes of a trade truce.
Source: BusinessInsider - 🏆 729. / 51 Read more »