The October stock market correction has carried over into November. And although the S&P 500 (INDEXCBOE: .SPX) has not broken its October lows, the index is experiencing some sharp swings just above those lows.
The price action in the market has investors wondering if the stock market correction could morph into a bear market… potentially fueled by a recession?
There’s been a lot of talk (noise) on the financial news and social media channels.
But opinions don’t get us anywhere. Let’s look at the facts to properly weigh probabilities. Again, we take it day to day with an open mind.
Today’s video marries together current technicals and fundamentals to better understand current trends in the data.
We’ll also look at bull/bear indicators and historical comparisons to be aware of.
Weekly Stock Market Video – November 17
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
