Sell Signal Just Flashed for the Stock Market in August: Fundstrat
Not helping the market over the next few weeks is seasonal data, which shows that August and September are typically weak for stock market returns.
Stay updated with breaking news from Nalyst Note. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Not helping the market over the next few weeks is seasonal data, which shows that August and September are typically weak for stock market returns.
"Greedflation has just delayed the recession because profits have stayed stronger for longer," SocGen's Albert Edwards told Insider.
"Today's rate hike will probably have to be reversed in a relatively short space of time," UBS chief economist Paul Donovan said.
Marko Kolanovic is focused on three bearish catalysts that could ultimately upend the stock market rally and lead to a sizable sell-off.
The average year-end S&P 500 price target was just 4,050 at the start of 2023. It has since climbed to 4,245, but that's still below current levels.