Analyst Who Predicted 2022 Rally Now Forecasts Stock Market Correction in Coming Months
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Technical analyst JC Parets, who correctly predicted the 2022 stock rally, now expects a market correction as defensive sectors outperform and the US dollar shows continued strength
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February is historically one of the worst months for stocks, being the 3rd most volatile and 2nd worst for returns
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Signs of imminent correction include the strong US dollar in January, peaking new highs lists in December, and investors rotating into defensive assets like consumer staples and Treasuries
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Defensive sectors breaking above December lows signals it's time to short equities
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Seasonal election cycle data shows stocks tend to be weak in February and March, further signaling an imminent correction