LPL Research share their thoughts on how far this latest pullback might go. They also provide an update on the housing market, discuss rising recession risks in Europe, and preview the Federal Reserve’s Jackson Hole symposium later this week.
Chapters:
00:00 - Intro
00:37 - Agenda
01:26 - How Much Further Might This Slide Go?
01:53 - S&P 500 Rally Lost Steam Conveniently at Its 200-Day Moving Average
04:22 - S&P 500 Performance Has Been Excellent Historically After Surging Breadth
06:01 - 2011 Comparison is Instructive
08:16 - Housing Update
08:54 - Existing Home Sales Plummeted As Rates Rose
09:58 - Inventory Still Below Pre-Pandemic Levels
13:25 - Existing Home Sales Differ By Region
15:09 - Recession Risk Rising in Europe
16:09 - Germany's Electricity Prices are Soaring
23:10 - What Could Move Markets in the Coming Week?
Tracking # 1-05318488
