Nick Colas, the co-founder of DataTrek Research, agreed with Hempstead, noting that even as high-yield ETFs such as the
were selling off last week, the action "didn't have a profound effect on the high-yield market" as a whole. HYG hit a new 52-week low on Monday.Now, he's advising clients to watch two key levels on the"We gave our clients two levels to look at on the VIX. The first is 42," Colas said. "[If] the VIX goes over 42, you buy."
The VIX hit 49.48 on Friday, the highest level for the index since 2009. On Monday, it fell to near 32 by the close."The second level where you pile in is 55 and above. That's a real crisis, a down 5% day," he said. "It shouldn't happen, but it happened for most of Q4 '08. You buy at those levels, you wait three to six months, you have a gain. So, those are the two levels to watch for a bounce.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leon Cooperman's advice to regular investors during this market sell-off'Don't be on margin, just know what you own and be patient,' billionaire investor Leon Cooperman said on CNBC, offering investors advice on how to navigate a volatile market. Hard pass. Buy Gold best of breed agnicoeagle $AEM also BarrickGold $GOLD cnbc jimcramer coronavirus china india hongkong dubai saudi aramco oil exxon BHP
Source: CNBC - 🏆 12. / 72 Read more »
The stock market's coronavirus-driven drop could be the start of a real sell-off - Business InsiderThe ingredients for a stock market sell off were already there, but the coronavirus fears helped trigger the drop. DanielAlpert Agree. DanielAlpert When you factor in the virus AND being overdue for a correction, yeah, I’d hold onto my hat. DanielAlpert Or this could be the end of the drop. So many possibilities...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: How coronavirus sell-off would confirm a recession - Business InsiderOne Wall Street expert warns the market's coronavirus-driven meltdown could soon confirm a recession is looming — and explains why two-thirds of the damage is already done If things dont become normal by the end of March, then a recession is almost inevitable. Already Q1 is expected to have negative global GDP growth. If it continues at the same rate of spread till the end of March then Q2 would follow suit. But remember 'bUy ThE DiP bRuH' Most Important Secular Perspective Nasdaq 100 Futures... Could confirm something is looming...lols. Wasn't that 'confirmed' a long time before the virus?
Source: BusinessInsider - 🏆 729. / 51 Read more »