Stocks declined for a second straight session after investors were spooked by new data suggesting the economy could already be in recession.
What happens next?
The market experienced about a 9 or 10 day bounce but I expect it will now resume the downtrend, explains Oppenheimer Chief Market Technician Carter Worth on CNBC’s “Closing Bell.” Something similar happened during the last days of November and then as now, the market resumed the downtrend.
Why so much put buying in tech on Tuesday?
Tech had been a hopeful area of growth but the share prices suggests something else – that these stocks might not be immune to slow down.
Do you see any trades?
Gold mining stocks have sold off pretty aggressively and I recommend buying dips in the gold miners. And stay away from real estate. Investors can short REITs through the iShares Dow Jones US Real Estate or the UltraShort Real Estate ProShares
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