TWM - The Top Is In: Stage Is Set For A Bear Market In Stocks Through 2021
- When the best case for stocks going forward is the hope for more stimulus and corporate handouts, something is wrong.
- Stretched valuations and exuberant expectations regarding the recovery mean it's time to sell stocks with risks tilted to the downside.
- Mega-cap tech stocks beating Q3 earnings yet selling off reflect a new paradigm in the market environment.
- The macro outlook has deteriorated with the emergence of the 3rd wave in global coronavirus cases.
- Don't expect stocks to rally on a Biden or Trump victory next week.
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The Top Is In: Stage Is Set For A Bear Market In Stocks Through 2021