Monday Takeaways: We're in Correction Territory... Here's What's Coming Next | Shah Gilani Chief Investment Strategist | Market corrections aren't rare. But the speed of this one is. The S&P 500 dropped more than 10% from its peak in just 16 trading days. That descent matches the pace of the 2018 correction and is only surpassed by the 2020 COVID-19 crash. No wonder folks are in a tizzy. I won't sugarcoat it for you and pretend that everything is all sunshine and rainbows. Real technical damage was done to the markets in the past few weeks. And I don't believe the selling is over. But unlike the 2020 crash, we can get in front of this one. Today's analysis takes you through my current thought process, support and resistance levels, as well as what I expect from the Fed this week. Click here or on the thumbail below to get my take on what's moving your money... NOW. Cheers, Shah Want more content like this? | | | |
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