Adam Sarhan, CEO of 50 Park, discusses the tech selloff that has seen FAANG stocks lose $1 trillion dollars in market cap since their all-time highs. Watch Here: https://cheddar.com/videos/faang-stocks-continue-downward-spiral
Do You Know The 20 Cheapest Stocks On Wall Street? Our Members Do… Join CheapBargainStocks.com Another Down Week On Wall Street: Stocks fell last week as investors digested a flurry of market, economic, and earnings data. The big macro fear that continues to weigh on markets is a slowing global economy. We have already seen economic…
Do You Know The 20 Cheapest Stocks On Wall Street? Our Members Do… Join CheapBargainStocks.com Stocks End Busy Week Mostly Higher: Stocks ended mostly higher after as investors digested a busy week of data. The two big events were the midterm election and the Fed meeting. Both events matched estimates and that helped the market rally….
The market bounced last week from deeply oversold levels and investors digested a slew of earnings and some economic data. For the past two weeks, I have repeatedly said the market is oversold and due to bounce. I did not know the market would bounce as much as it did but that is what happens in deeply oversold markets. Why? Because you have two concurrent forces at play: First you get a lot of short covering (people who are short have to buy their positions back if they want to exit their shorts) and second you get the buy the dip crowd that shows up. Now the key is to see if this bounce can continue or if it is another short-lived rally in a longer downtrend.