Investing in an 'oversold' market: Strategists weigh in
With a slew of upcoming economic data points due out this week and a market seeing surging volatility levels (^VIX), could there be more turbulence for stocks ahead? If so, how should investors prepare? 22V Research President Dennis DeBusschere and Sanctuary Wealth chief investment strategist Mary Ann Bartels joins Morning Brief to give insight into movements in the market (^DJI, ^IXIC, ^GSPC) and what investors need to know to navigate a turbulent market. Bartles begins by claiming the marketplace now has oversold conditions, "whether you're looking at the S&P, Nasdaq, [or] Magnificent Seven, and, in fact, we're so oversold that we're starting to get early buy signals... I think we're in for a rally for the next couple of weeks. And I do think it's going to be led by tech and tech-related." With the possibility of slower growth, DeBusschere says: "It could be a major headwind insofar as the tail risk is higher. So to the extent that you end up in a negative feedback loop for the economy, which would be related to obviously the unemployment rate moving up to 4.3%, to the extent that impacts confidence, corporate decisions, etc. you have the tail risk and the earnings tail risk related to a recession." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
