“The U.S. stock market especially is facing its
Post# of 27049
(Total Views: 67)
Posted On: 08/27/2019 8:09:19 AM
“The U.S. stock market especially is facing its greatest test of the year thus far,” Takada said in a note to clients on Monday. Low sentiment is poised to prompt “panic-selling by fundamentals-oriented investors and systematic selling by trend-following technical investors along the way,” he said.
Takada’s view, the most pessimistic on Wall Street, is based on macro and quantitative data including flows from hedge funds and other players, which showed sentiment is approaching the lowest level of the current cycle. He had predicted the first explosion in the Cboe Volatility Index, aka Wall Street’s “fear gauge,” which swung to the highest in 2019 on Aug. 5 when China allowed its currency to drop to a level unseen since the financial crisis amid the trade war.
https://www.cnbc.com/2019/08/26/lehman-like-d...-week.html
Takada’s view, the most pessimistic on Wall Street, is based on macro and quantitative data including flows from hedge funds and other players, which showed sentiment is approaching the lowest level of the current cycle. He had predicted the first explosion in the Cboe Volatility Index, aka Wall Street’s “fear gauge,” which swung to the highest in 2019 on Aug. 5 when China allowed its currency to drop to a level unseen since the financial crisis amid the trade war.
https://www.cnbc.com/2019/08/26/lehman-like-d...-week.html
(0)
(0)Scroll down for more posts ▼