Looking For Opportunity Amid a Bleak Outlook
Robert Baharian from Longview Capital Partners describes the current market turbulence as a severe downturn reminiscent of past global crises. He observes one of the most significant two-day declines since 1950 in the S&P 500, indicating potential further financial strain.
Robert highlights the negative impact of the ongoing trade war and Trump's unwavering stance, which continues to unsettle the markets. He notes the volatility of the situation and suggests there might be room for negotiations and exemptions, although the immediate outlook is bleak.
Market internals are failing, with less than 30% of S&P 500 firms above their moving averages. Robert advises investors to refrain from rash decisions and to be prepared for potential market drops. He discussed understanding market behaviours and being ready for volatility in pursuit of long-term gains.
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