Chris Vermeulen, Chief Investment Officer (CIO) of Technical Traders, suggests that this could result in a bear market and a challenging “reset” that might adversely affect returns for years to come.
What Happened: Vermeulen highlighted the recent surge in defensive assets such as precious metals, energy stocks, and industrial stocks, in an interview with Bloomberg on Tuesday.
These sectors typically perform well in the late stages of a bull market, signaling an impending bear market or financial reset.
The CIO predicted that investors could face significant stock losses, with wealth potentially decreasing by 30%-50% over the next year. He also suggested that this reset could coincide with a recession, particularly indicated by industrial stocks, which have been hitting all-time highs.
“I think we’re coming into a major market top, more or less a financial reset,” Vermeulen said in the interview. “It’s short-term, temporarily painful. But we need markets to reset. We need regular pullbacks and corrections in order for the market to keep going up.”
See Also: The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling
Vermeulen expressed concern that …
Full story available on Benzinga.com
Chris Vermeulen, Chief Investment Officer (CIO) of Technical Traders, suggests that this could result in a bear market and a challenging “reset” that might adversely affect returns for years to come.
What Happened: Vermeulen highlighted the recent surge in defensive assets such as precious metals, energy stocks, and industrial stocks, in an interview with Bloomberg on Tuesday.
These sectors typically perform well in the late stages of a bull market, signaling an impending bear market or financial reset.
The CIO predicted that investors could face significant stock losses, with wealth potentially decreasing by 30%-50% over the next year. He also suggested that this reset could coincide with a recession, particularly indicated by industrial stocks, which have been hitting all-time highs.
“I think we’re coming into a major market top, more or less a financial reset,” Vermeulen said in the interview. “It’s short-term, temporarily painful. But we need markets to reset. We need regular pullbacks and corrections in order for the market to keep going up.”
See Also: The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling
Vermeulen expressed concern that …
Full story available on Benzinga.com
Chris Vermeulen, Chief Investment Officer (CIO) of Technical Traders, suggests that this could result in a bear market and a challenging “reset” that might adversely affect returns for years to come.
What Happened: Vermeulen highlighted the recent surge in defensive assets such as precious metals, energy stocks, and industrial stocks, in an interview with Bloomberg on Tuesday.
These sectors typically perform well in the late stages of a bull market, signaling an impending bear market or financial reset.
The CIO predicted that investors could face significant stock losses, with wealth potentially decreasing by 30%-50% over the next year. He also suggested that this reset could coincide with a recession, particularly indicated by industrial stocks, which have been hitting all-time highs.
“I think we’re coming into a major market top, more or less a financial reset,” Vermeulen said in the interview. “It’s short-term, temporarily painful. But we need markets to reset. We need regular pullbacks and corrections in order for the market to keep going up.”
See Also: The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling
Vermeulen expressed concern that …Full story available on Benzinga.com Read MoreChris Vermeulen, Equities, Kaustubh Bagalkote, News, Recession, Technical Traders, Economics, Markets, News, Equities, Economics, Markets, Benzinga Economics
