Posted 12/4/2023, 9:16:27 AM
Market Correction May Be on the Horizon - Time to Prepare
- Market could see a 10-15% retreat by mid-March due to over extension of current rally and euphoria setting in
- Many growth stocks have seen huge gains recently that may not be sustainable
- Fed will likely push back on rate cuts in early 2024 even as macro data weakens
- Author recommends starting to build cash, set up hedges going into January
- Historically market sees pullback of at least 10% in half of years over last 20, prepare for consolidation