Newsletter
CoinSharks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
CoinSharks
No Result
View All Result
Home Nasdaq

Market Strategist Advises Selling US Stocks Now to Avoid Over 20% Decline in S&P 500

The Megalodon by The Megalodon
April 17, 2023
in Nasdaq, NYSE
0
Market Strategist Advises Selling US Stocks Now to Avoid Over 20% Decline in S&P 500
394
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

The S&P 500 index is predicted to experience a sharp decline of about 22%, leading investors to exit the stock rally immediately, according to Troy Gayeski, the chief market strategist at FS Investments. Gayeski suggested that investors use the bear market rally as an opportunity to de-risk their investments in anticipation of significant losses over the next six to 12 months. Although the benchmark index has gained approximately 8% so far this year, fueled by the hope that the Federal Reserve will end interest-rate increases soon, Gayeski, along with other market experts, including Jeremy Grantham and Mike Wilson, anticipate a downturn in the market.

Wilson, in particular, warned of a potential earnings recession and the aftermath of banking tremors that could lead to a decline of over 20% in the S&P 500 later this year. Gayeski urged investors not to wait and start selling their holdings now.

Related articles

Arconic to be acquired by Apollo for approximately $3 billion

Arconic to be acquired by Apollo for approximately $3 billion

May 4, 2023
Qualcomm’s Sobering Report Deepens Chip Market Concerns

Qualcomm’s Sobering Report Deepens Chip Market Concerns

May 4, 2023
Share158Tweet99

Related Posts

Arconic to be acquired by Apollo for approximately $3 billion

Arconic to be acquired by Apollo for approximately $3 billion

by The Megalodon
May 4, 2023

Arconic Corp., a manufacturer of aluminum products, is set to be acquired by Apollo Global Management Inc. for roughly $3...

Qualcomm’s Sobering Report Deepens Chip Market Concerns

Qualcomm’s Sobering Report Deepens Chip Market Concerns

by The Megalodon
May 4, 2023

Qualcomm, a chip designer that provides components for major handset makers such as Apple and Samsung, experienced an almost 8%...

SHOP Stock Skyrockets as Shopify Beats Earnings Expectations and Sells Logistics Business to Flexport

SHOP Stock Skyrockets as Shopify Beats Earnings Expectations and Sells Logistics Business to Flexport

by The Megalodon
May 4, 2023

Shopify, the Canadian e-commerce company, has reported first-quarter earnings that beat analyst estimates. The company earned one cent per share...

Smartphone Sales Remain Weak as Qualcomm Gives Grim Outlook

Smartphone Sales Remain Weak as Qualcomm Gives Grim Outlook

by The Megalodon
May 3, 2023

Chip designer Qualcomm Inc reported a Q3 revenue and profit forecast below Wall Street estimates, citing concerns that the smartphone...

An Everyday Investor Turned Billionaire Thanks to Berkshire Hathaway Stock Purchased in the 80s

An Everyday Investor Turned Billionaire Thanks to Berkshire Hathaway Stock Purchased in the 80s

by The Megalodon
May 3, 2023

Horejsi, a self-made billionaire, owes his success to one smart investment that changed his life. In the 1960s, he joined...

Load More
  • Premium Services
  • Terms of Service
  • Privacy Policy

All Rights Reserved. CoinSharks.

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services

All Rights Reserved. CoinSharks.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.