Posted 1/10/2024, 3:49:00 AM
S&P 500 Flashing Warning Signs of Another Stock Plunge
- S&P 500 currently signals maximum bearishness, similar to start of 2022 when stocks plunged 20%
- Analysts advise reducing exposure or hedging bets amid poor risk/reward profile
- Financials sector may buffer sell-off due to capital levels and stable earnings growth
- After financials, energy, communication services, and utilities offer best prospects
- Rosenberg warned rally would fizzle in January and says denial of recession resembles past bubbles