A sell-off worse than December can arrive in a week, says analyst who is predicting a 'Lehman-like' drop
"The U.S. stock market especially is facing its greatest test of the year thus far," says Takada.
Takada's view, the most pessimistic on Wall Street, is based on macro and quantitative data including flows from hedge funds and other players. . He's sticking with this prediction as market sentiment shows no signs of improving, leading him to believe a monster sell-off could arrive this week. Takada's view, the most pessimistic on Wall Street, is based on macro and quantitative data including flows from hedge funds and other players, which showed sentiment is approaching the lowest level of the current cycle. He had predicted the first explosion in the, aka Wall Street's "fear gauge," which swung to the highest in 2019 on Aug. 5 when China allowed its currency to drop to a level unseen since the financial crisis amid the trade war.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pitcher discovered on social media lands chance with A'sNathan Patterson was discovered through a speed pitch challenge.
Read more »
Gemma Collins shows off her stunning weight loss in neon yellow mini dressThe Diva Forever star, 38, says she has never felt as good as the pounds continue to drop off
Read more »
Celgene to sell psoriasis drug Otezla for $13.4 billion to AmgenCelgene Corp will sell its psoriasis drug Otezla for $13.4 billion in cash to Am...
Read more »
Lyft Shares Rally on Hopes Price Increases Will Drive ProfitsShares of ride-hailing app Lyft got a boost after an analyst predicted the company could be profitable sooner than expected.
Read more »
Iran says it has sold oil from tanker released by GibraltarIran has sold the oil from a tanker released by Gibraltar after weeks in the cus...
Read more »
Trump just said China wants to restart trade talks — and relieved traders are pushing markets higher'Trump's rhetoric, however, must be treated with the utmost caution,' says one analyst.
Read more »