Stocks have lost short-term upside momentum, and now the market looks stuck in a longer-term downtrend with no end in sight. Many market strategists expect the S & P 500 will take aim at retesting the lows in the first quarter, as earnings look weaker, recession fears rise and the Federal Reserve keeps tightening policy. Strategists who watch charts have a similar outlook.
He also does not expect the usual positive December seasonality to work as well this year. "If you enter December in a hole, don't expect to get bailed out," he said. "I've been unconvinced all year that we had that flush moment, that 'you don't want to get out of bed' moment. I suspect that's still in front of us." Verrone said he expects the current top of the range would be 4,200 to 4,300 for the S & P 500.
Weird if you look at POTUS or WhiteHouse they don't mention anything about that. This must be fake news or Russian collusion.
“could” 🤣🤣🤡🤡
Wegoin back to the moon!
But Cramer said it was fine 🙂
Democrat Fascists will only make it worse!
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