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Stock market has not hit bottom yet, expert says

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Eddie Ghabour, the co-founder of Key Advisors Group LLC, explains why the U.S. stock market has not yet hit bottom.

Former Chairman of the council of economic advisors Kevin Hassett discusses the tech-led selloff, the chances of a recession and the Fed's delayed response to inflation., which is the most recognized tool to trade financial market volatility, needs to hit "the 40s before we can capitulate."

Traders often refer to the VIX as the so-called "fear gauge" because it rises when fear is prevalent in financial markets.US COMPANIES ADDED 247,000 JOBS IN APRIL, SHARPLY MISSING EXPECTATIONS: ADP When asked why he believes markets have not hit the bottom yet, Ghabour said one reason is because "the mega-cap tech stocks still have not taken the beating that I believe they should."

Mega-cap stocks are those of companies with market values well above the rest of the market, with valuations totaling over $200 billion, such as Apple and Amazon.

 

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commonsensebull Hope it plunges into an abyss. An economy powered by printed $$$ and 0% rates is a 'Potemkin village'. REAL capitalistic economies REWARD SAVERS!!!!!!!

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