Katie Stockton, the founder and managing partner at Fairlead Strategies, says 2023 could yet see the ຕະຫຼາດ sink to new lows.
Speaking on Tuesday during an interview with CNBC’s ‘Squawk Box’ as trading reopened following the New Year holiday, the technical analyst noted:
ທ່ານ ກຳ ລັງຊອກຫາຂ່າວໄວ, ຄຳ ແນະ ນຳ ທີ່ຮ້ອນແລະການວິເຄາະຕະຫລາດບໍ?
ລົງທະບຽນ ສຳ ລັບຈົດ ໝາຍ ຂ່າວ Invezz, ມື້ນີ້.
“We were looking for some firmness into the year-end and that was based on the so-called Santa Claus rally which is actually still in force today and tomorrow. So we expect more firmness this week after which I think we can see volatility pick up to the downside.”
2023 is an inflection year
According to the Fairlead founder, 2023 is also an inflection year for ຮຸ້ນ, which makes it difficult to predict where the S&P 500 will be at the end of the year. However, the market should watch for some kind of volatility event that marks the bear market low – there are no long term positive divergences that historically signal the low is in yet.
But the capitulation that tends to mark bear market lows is likely to happen within the next 4-6 months, she ເພີ່ມ.
Source: https://invezz.com/news/2023/01/03/fairleads-katie-stockton-expects-new-market-lows-in-2023/