Market is topping and signaling recession: technical analyst

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Published 2024-04-15
Chris Vermeulen, founder and chief investment officer at Technical Traders, joins BNN Bloomberg for his take on the markets, why recent rallies could be bearish signs and why not to sell Nvidia.

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All Comments (21)
  • @PaulKatrina.
    I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
  • I'm no longer confident in my investment strategy due to the impending recession. I aim to reallocate my $250K portfolio. What's the most effective strategy to invest right now?
  • @Wendytsang12
    The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
  • Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
  • @Jamcore2008
    He did predict 50% fall last month ..make sense now
  • @Jamcore2008
    Recession with commodities rising ? Come on bro
  • @mesutserim1595
    With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.
  • @rickhayes-oh2zm
    No inflation is bullish for gold. That is what we go. and going higher. Get an inflation guy or girl on here.
  • @UKNOWMESCP
    FINALLY SOMEONE SAID IT. "ITS OFFICIAL"
  • @Slickpete83
    💡 NO,market is just adjusting to a higher Crude Oil price and higher interest rates for a longer time
  • @Theoutlaw007
    10 min ago Bloomberg: “markets are not at a tipping point” 9 min ago Bloomberg: market is topping and signaling recession. You guys bipolar over there?
  • @fernendo4
    Finally someone with 🏀s yo say it.
  • I look at my massive losses on fixed income (TLTW or TLT) and I guess some other stuff drops even more and a few weeks dropping like that should bring some bargains.
  • @Mckennie61751
    I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $200k in my stock portfolio. What is the greatest approach to profit from the market?