Yes, it's coming but I am looing for a ST LOW this week (or already made on Friday) and then a bounce.
After that, the magnitude of the drop will depend on the state of the UKRAINE issue and the FED's determination, or lack thereof, to ctu rates and signal a willingness to continue doing so.
50bps cut not in March - it will be 25bps and there will be a relief rally.
Of course, if there is actual war in Europe then markets will tank more than 20% from current levels. Doubt it will happen....
Bowley:
Are You Ready for a Market Meltdown? It's Coming
I am rarely dramatic, but 2022 is an exception. I believe we are in the type of bear market that we haven't seen in a long, long time.
The pandemic-driven cyclical bear market in 2020 was a health care crisis, not a financial crisis. I wrote about it throughout the pandemic and boldly predicted in the middle of it that we remained in a secular (long-term) bull market. The 2020 bear market lasted 23 trading days. It was brutal, but it was swift.
The good news is that I very much believe that we remain in a secular bull market and we'll once again recover from this current cyclical bear market (yes, I believe it started in early January), though it likely won't be as quick as 2020.
https://stockcharts....et-mel-109.html