Investing in an 'oversold' market: Strategists weigh in
373
Published 2024-08-12
22V Research President Dennis DeBusschere and Sanctuary Wealth chief investment strategist Mary Ann Bartels joins Morning Brief to give insight into movements in the market (^DJI, ^IXIC, ^GSPC) and what investors need to know to navigate a turbulent market.
Bartles begins by claiming the marketplace now has oversold conditions, "whether you're looking at the S&P, Nasdaq, [or] Magnificent Seven, and, in fact, we're so oversold that we're starting to get early buy signals... I think we're in for a rally for the next couple of weeks. And I do think it's going to be led by tech and tech-related."
With the possibility of slower growth, DeBusschere says: "It could be a major headwind insofar as the tail risk is higher. So to the extent that you end up in a negative feedback loop for the economy, which would be related to obviously the unemployment rate moving up to 4.3%, to the extent that impacts confidence, corporate decisions, etc. you have the tail risk and the earnings tail risk related to a recession."
#youtube #news #recession
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: twitter.com/YahooFinance
Instagram: www.instagram.com/yahoofinance/?hl=en
TikTok: www.tiktok.com/@yahoofinance?lang=en
Facebook: www.facebook.com/yahoofinance/
LinkedIn: www.linkedin.com/company/yahoo-finance
All Comments (8)
-
Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! Im looking into NVDA25H, ETH, and SOL. What’s your advice? NVDA25H seems to have potential, but your opinion matters.
-
Thanks for the advice! Got NVDA25H, feeling bullish! 🚀
-
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated
-
Bought NVDA25H after watching your video, super excited! 💰
-
I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Andy Friedman financial consultant and stock broker !!!!.
-
Thanks for the insights! Bought NVDA25H, predicting big returns! 📈
-
NVDA25H is still extremely undervalued
