Stocks could be headed for a mid-March bottom, if this historical pattern holds up

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

BTIG's chief market technician Jonathan Krinsky hopes stocks could soon reach a March low, but offers his own warning that the market "washout" may...

Wall Street looks ready to try to break with a three-day selloff, but with no sign of a halt to the devastating carnage nor a diplomatic solution to the Russia-Ukraine war, that looks like a tall order.

Our call of the day, from BTIG’s chief market technician Jonathan Krinsky, is also looking at March patterns for stocks, and he thinks a bottom could be near. But he also offered a warning that a final “washout” for stocks hasn’t yet arrived. “While it’s difficult to know which of those we could be approaching, we think at least a tradable low is approaching later this month, albeit from a lower level,” said Krinsky.

The European Union is reportedly considering a joint bond issue to finance energy and military spending, news that initially gave European stocks and U.S. equity futures a decent lift.

 

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

Same time when Federal reserve meeting is scheduled on 14-15 March

Time to short? Thanks for the confirmation

IF IF IF is true, then ...

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:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines