The Market Uptrend is Over - How Big Will this Correction Be?
I've written and done numerous videos over the past few months showing the great uptrend of the stock market, but warned every time that eventually it would end. I also showed exactly what to look for to confirm the correction was in fact occurring.
That's exactly what has played out over the past week. Now the question is - how big will the correction be?
In today's market update video I show where the market is most likely to fall to before leveling off, as well as how far it could go if support fails there. Either way, investors will want to get a bit defensive (hopefully you already have) as I suspect an additional fall of 4% to 10% seems highly likely at this point.
If you're a client, have no fear, we already made adjustments to keep portfolios fairly stable. We're still invested, but very diversified, and have a bent towards more conservative holdings.
Without further ado, enjoy today's market update:
Next week I'll be publishing our latest tactical asset allocation update, as well as our monthly Recession Probability Update. Stay tuned!