Stock Market Outlook: Odds of a Year-End Equity Rally Are Dwindling
"The average stock has already broken down technically... the signals are weaker and suggest key tactical support is vulnerable," Mike Wilson said.
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"The average stock has already broken down technically... the signals are weaker and suggest key tactical support is vulnerable," Mike Wilson said.
Circuit breakers installed after the October 1987 stock market crash make a 20% decline in the S&P 500 "almost impossible," Ned Davis Research said.
"If we can avoid a recession next year, then there's a good chance for more solid gains in 2024," Carson Group's Ryan Detrick said.
Walmart customers taking Ozempic are spending less on food but more overall, writes Morgan Stanley.
"While we continue to believe US stocks will rally later this year, it feels too early to call the turn," DataTrek Research said.