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Why this strategist believes 'it's not a bear market'

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John Kolovos Nyheter

Risk Advisors,Bear Market,Federal Open Market Committee

As markets (^GSPC, ^IXIC, ^DJI) rally in anticipation of the Federal Open Market Committee (FOMC) meeting on Wednesday, Macro Risk Advisors Head of Technical...

I) rally in anticipation of the Federal Open Market Committee meeting on Wednesday, Macro Risk Advisors Head of Technical Strategy John Kolovos joins Catalysts to provide his market outlook.

However, Kolovos emphasizes that"it's not a bear market," suggesting that the market is leaning more toward correction territory. He also notes that during an election year, market pullbacks are common. Although the market decline that occurred in April"has gotten better," the strategist points out that it"doesn't show signs of capitulation quite yet.

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