It’s time for a little crystal ball-gazing.
As I ready for a round-the-world, 17-day jaunt with my oldest son, Troy (he’s a 17-year-old high school student making a documentary on genocide), several clients have asked me for my opinion of the markets.
First off, I expect to see a bit more red for stocks. The downtrend has been quite orderly so far – as witnessed by still-tepid readings on the VIX – and there has been little technical damage to the indices at this point. We could likely test the lows from March, and even breach them, but I don’t foresee much pressure from that point.