The stock market is enjoying a nice rally today and the S&P 500 is up about 7% from its closing low on June 16th.
When the market is as oversold as it was in mid-June, it’s normal to see a bounce. However, my view remains it’s a short-term rally and the second act of the bear market will kick off by this autumn.
I cover the main reasons why I believe there’s mroe downside to come, some of the key market indicators and historic precedents I’m eyeing in a video presentation that’s available right here:
A word of warning to readers of The Free Market Speculator: This video does contain a short “pitch” for my subscription-based Creating Wealth advisory, which I recently re-opened to new members.
However, that doesn’t diminish the value of the indicators, ideas and recommendations I discuss in this presentation. And, hopefully, this video can help answer some of the questions I’ve been receiving regarding the current market outlook.
DISCLAIMER: This article is not investment advice and represents the opinions of its author, Elliott Gue. The Free Market Speculator is NOT a securities broker/dealer or an investment advisor. You are responsible for your own investment decisions. All information contained in our newsletters and posts should be independently verified with the companies mentioned, and readers should always conduct their own research and due diligence and consider obtaining professional advice before making any investment decision.