Deutsche Bank sees significant market pullback in the next three months

A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City.Expect a significant pullback in stocks in the next three months, as gauges of macroeconomic growth reach their peak this summer, according to Deutsche Bank's chief U.S. equity strategist.

Binky Chadha warned clients in a note published Monday that he forecasts a "significant consolidation" in equity markets in a range between a decline of 6% and 10% as economic growth levels off. He and Deutsche Bank measure cyclical macroeconomic growth with the Institute of Supply Management's manufacturing index.

ISM growth "typically peaks around a year after recession ends, right at the point we would appear to be," Chadha wrote. Historically, "the S&P 500 sold off around growth peaks by a median -8.4%, but even episodes which saw the ISM flatten out rather than fall, saw a median -5.9% selloff."

Sure when everything is going right something must go wrong:)

Anything can happen in the market and expect the unexpected. No one can see the future but nothing wrong for being ready for anything. The higher the market goes the closer it will be to a sell off. You will never get caught by closing your trades each day.

next three months? how bout 3 weeks? just setup a weekly margin call schedule & be done with this

Feel like I read this article in January

BlackRock is getting ready for StockMarket crash!!! Offloading stocks and getting cash ready!

While their number one customer is indicted for tax fraud

Thanks, that means full steam ahead, v bullish sign for the market in the next 3 months.

BS

Lol aka “we have puts and need to do what we can to see it thru. Let’s fear mongers”

Heard credit suisse had a pullback.

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of course they do, pump the brakes, then buy more

Haha, liars

Pro Thank you but I can't take advice from a bank that has been involved in so many dirty dealings. I don't trust their character so I don't trust their advice

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