The Market’s Seven Week Spiral Downward Means One Thing – Sell Now
This week’s Buy, Sell, or Hold is special one because the markets are acting crazy – and not in a good way.
After Tuesday’s dead cat bounce where the S&P 500 saw a nice 2% bump and the Nasdaq jumped nearly 3%, it all came tumbling back to earth, revealing the ugly truth: the markets have been sold off.
Over the last seven weeks, the S&P 500, Dow, and Nasdaq have entered steep declines with little sign of slowing as the Fed plans to raise rates another 50 basis points in June. And, frankly, it’s going to get uglier before it gets better.
All that said, there are still opportunities out there if you’re willing to take them.