Federated Hermes' Phil Orlando warns there are three near-term risks that could drag stocks into a correction.
"Who's to say that the difficult data that we see next month is not contained to the second quarter," he added. "The market to some degree may be worrying that the recession extends into the second half of the year." This is Orlando's second pullback warning in the last month. He told "Trading Nation" in late May there was a
TradingNation Not the virus, the politicians🤫
TradingNation What an amazing buying oppty right now for many stocks
TradingNation Let’s hope so! This market is nowhere near where it should be at the 2100 ES level. Ridiculous money printing orgy that is gonna end horribly.
TradingNation There's no proof COVID-19 responses are good. There are no controls. Masks can't morally be forced to be used as there are needed exceptions, like for difficulty breathing, need to breathe naturally, & adverse reactions to mask material changing air breathed or skin chemistry.
TradingNation Others blame Biden's HUGE lead in the polls. Afraid of loosing their tax break when he's elected. Sticking the people with the bill for supporting their socialist bailouts and corporate welfare program ends.
TradingNation CCP is killing hundreds of thousands of Americans, and all TRUMP care about is trade deals and the stock market that help him get re-elected，he is the accomplice of the CCP in killing Americans！
TradingNation maybe
TradingNation Why only 10% Why not 30% or 60%
TradingNation That is why we have cash set aside, for the next opportunity.
TradingNation Well this pretty much guarantees a 10% gain over the next few weeks.
TradingNation 10% would be a best case and a great buying opportunity
TradingNation That’s fine we will be -10% by Monday the way this is going after today.
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Source: CNBC - 🏆 12. / 72 Read more »