Stock warning and recession advice from top market bear Peter Cecchini - Business Insider

Peter Cecchini, global chief market strategist for Cantor Fitzgerald, has been Wall Street's biggest stock bear in 2019, and still expects a steep equity sell-off in the next few months.

He says manufacturing and consumer sector data both back up his forecast and explains how he's playing defense based on his projections.Peter Cecchini, the global chief market strategist for Cantor Fitzgerald, admits he's been waiting a long time for the "other shoe" to drop on the stock market.Cecchini predicted that the market's early 2019 rally would be followed by a steep drop"When everybody got to 2,800, I got neutral.

— and notes that any number of manufacturing indicators point to a recession in that part of the economy."We think the probability of a recession in the second half of 2020 is relatively high," he said. "Equity markets here in the US should respond sometime in advance of that [by] six to nine months."

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Next stock market crash: Albert Edwards says tech carnage is coming - Business Insider'Carnage awaits': A market expert who saw the dot-com crash coming explains why tech stocks are in the early stages of another collapse Geniuses know how to count 10 years
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

WOMEN-OWNED-BUSINESS MONTH: Women entrepreneurs share their top tips and strategies for running their companies, and how to be a successful leaderBusiness Insider profiled female entrepreneurs, interviewed experts, and reviewed research highlighting major opportunities and challenges. How is this not discriminatory? Are they actively keeping out men? Since all are woman, it would seem so. These are just a bunch of hypocrites and should be reported to the law. Good info. If you need more data I did this video: Good info. If you need more data I did this video:
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »