BTIG warns stocks will plunge 15-20% from current levels, as US protests add to the market's 'menu of uncertainties'BTIG's chief strategist Julian Emanuel warned investors to prepare for a 15-20% pullback in stocks, saying that widespread protests in the US have added to"menu of uncertainties" in the market.
Emanuel said on CNBC Monday that small cap indexes are particularly sensitive to a correction and it is"time for the market to reassess the uncertainty to the economy." "The environment is more volatile now, so what we are saying is envision yourself as an investor with a portfolio down 15-20%." Widespread protests have broken out in the US in the past week after the death of George Floyd in police custody. Floyd, who was black, died after a white officer knelt on his neck for eight minutes.Wall Street brokerage BTIG is warning investors to brace for a slump of 15 to 20% in stocks going forward, adding that mass US protests in recent days has added to the"menu of uncertainties" facing markets in 2020.
He added:"When you look at the rally of the lows in March off the small cap indexes, we think it is the time for the market to reassess the uncertainty to the economy and the social unrest in the last two days adds to that menu of uncertainties."
andresmania
Don't fight the Fed...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG's Julian Emanuel warnsBrace for a 15%-20% pullback in stocks, BTIG's Julian Emanuel warns (via TradingNation) TradingNation This guy is crazy to think were going down. TradingNation LoL - Must own some shorts. TradingNation Brace for another wave of clowns getting it “WRONG” because they’re simply to close the situation and have no ability to see the big picture. AND the markets did NOT selloff today, in fact they were UP.. why? Because these LEFTIST cities in shutdown due to politics is factored in
Source: CNBC - 🏆 12. / 72 Read more »
YouTube at 15: The inside story of YouTube's history - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $THETA You left out the part how YouTube helped amplify white supremacists, flat earthers, anti-vaxxers, and other dangerous nutjobs, all for money to the detriment of society. 15 years to build one of the most detestable piles of shit ever unleashed on society
Source: BusinessInsider - 🏆 729. / 51 Read more »
Encouraged by Europe, Primark to reopen England stores on June 15Fashion retailer Primark plans to reopen all 153 of its stores in England on June 15 as coronavirus restrictions are eased, encouraged by European stores that have already resumed trading. Primark sells Chinese products. British need to boycott Primark BoycottChineseProducts BoycottPrimark lusciousyvo atleast mukapeza poyambila
Source: Reuters - 🏆 2. / 97 Read more »
15 Nail Art Ideas You’ll Actually Want to Wear to Pride This YearIt might be PrideMonth, but we'd wear these all year long. 🌈
Source: Allure_magazine - 🏆 473. / 51 Read more »
15 powerful moments of peaceful protest from across the countryIn a night filled with violence and vandalism, there were also moments of people peacefully protesting and police showing their respect. TODAYshow Meanwhile TODAYshow All overshadowed because the left won’t denounce the Antifa violence. TODAYshow Then the day three agitator busses roll in and the terrorist rob them of their protest. Every time.
Source: NBCNews - 🏆 10. / 86 Read more »
5,000 National Guard troops mobilized across 15 states, D.C.Troops will deploy across the country to reinforce police efforts. Well when an insurrection starts you have to bring in the troops to put it down no more mr. Nice guy sometimes you have to take somebody out to make them stop from what I read He’ll engage them for 89 days and cut them loose SYSTEMIC RACISM you say. LETS REMIND OURSELVES IT WAS 6 YEARS AGO 6 YEARS AGO THE LAST TIME A TRAGEDY LIKE THIS HAPPENED SYSTEMIC I DONT THINK SO!!!!!!!!!!!!!!!!
Source: FoxNews - 🏆 9. / 87 Read more »