Stocks Down 1% this Week; 62% Retrace Could be Key Level
Sep 25, 2020
Author
For the past three weeks, equities faltered as a renewed set of concerns has undermined the generally positive narrative building a heightened sense of dread heading into critical election day (11/3). And given that stocks saw such prodigious gains since March, and especially August, is it any wonder why we are seeing some profit taking? At the same time, there are some certainties on future market performance, which I will discuss more below.
For the past three weeks, equities faltered as a renewed set of concerns has undermined the generally positive narrative building a heightened sense...