Joel Elconin – Market Weakness, Earning Beats Not Being Bought, Is This Month’s Turn In Markets Just The Start Of A Larger Sell Off?
Cory
August 18, 2023
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the rollover in markets and pretty much every sector outside of the USD and oil. Joel notes that even earnings beats this quarter have not been bought as strongly as in past quarters. There clearly has been a shift in investors risk tolerance this month which if it continues could bring with it a longer downtrend balancing out the recent 5 month run higher in the S&P.