CNBC Power Lunch January 12, 2015
With sue at the new york stock exchange. Hi sue. Hi,ty. And an accelerated slide in oil prices dragging stocks lower right now. The dow is down about 97 points on the trading day. As you mentioned, Goldman Sachs u. S. Equities strategy david costen explains why he thinks there could be an equity pullback next month. When we look at the data that has come out, we have for the last five weeks, the long positions are at an extreme. One of the highest extremes weve seen in a long time. And therefore, that would suggest that the u. S. Equity market is likely to experience a pullback some time in th...