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Technicals show potential rally before bigger market troubles
Manage episode 329568027 series 2562870
In two different interviews today, experts see a market capable of rallying but not necessarily able to hold off a longer-term bearish trend. Market-timer Heeten Doshi, portfolio manager at Doshi Capital Management, says that we're seeing "a day trader's market" -- high on volatility, low on direction and conviction from buyers -- that is poised for "a big bounce" or a bear-market rally because it has been oversold recently. Likewise, Avi Gilburt of ElliottWave Trader sees a rally that could start "at any point now," which could bring some back and forth that gets the market back to record-high territory, though he sees a long-term bear market that will last for years arriving in or after 2024. Also on the show, Anuj Nayar discusses a recent study from Lending Club and PYMNTS showing that more Americans are living paycheck-to-paycheck, including a lot of people with good salaries and high credit scores, and John Augustine, chief investment officer at Huntington Private Bank discusses stocks in the Market Call.
1538 episodi
Manage episode 329568027 series 2562870
In two different interviews today, experts see a market capable of rallying but not necessarily able to hold off a longer-term bearish trend. Market-timer Heeten Doshi, portfolio manager at Doshi Capital Management, says that we're seeing "a day trader's market" -- high on volatility, low on direction and conviction from buyers -- that is poised for "a big bounce" or a bear-market rally because it has been oversold recently. Likewise, Avi Gilburt of ElliottWave Trader sees a rally that could start "at any point now," which could bring some back and forth that gets the market back to record-high territory, though he sees a long-term bear market that will last for years arriving in or after 2024. Also on the show, Anuj Nayar discusses a recent study from Lending Club and PYMNTS showing that more Americans are living paycheck-to-paycheck, including a lot of people with good salaries and high credit scores, and John Augustine, chief investment officer at Huntington Private Bank discusses stocks in the Market Call.
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