Op-ed: Investors must be patient and should plan for the likelihood that the worst is yet to come
Publishing timestamp: 2023-10-16 09:00:01
Summary
The article discusses how technical data is signaling a potential downturn in the stock market. The Russell 2000 index has been performing poorly, and the inverted yield curve suggests a recession may be on the horizon. The article advises investors to keep some cash on hand to take advantage of cheap entry points in cyclical stocks in 2024. The article also mentions Dow, Inc. and LyondellBasell Industries as possible candidates. Overall, the article suggests that the rest of 2023 may be challenging for the stock market, but a new cycle may begin in the first quarter of 2024.
Sentiment: NEGATIVE
Tickers: LYB, DOW, IVZ, .SPX, .RUT,
Keywords: invesco ltd, markets, russell 2000 index, dow inc, business news, investment strategy, economic events, breaking news: investing, personal finance, breaking news: markets, lyondellbasell industries nv, s&p 500 index, stock markets,
Source: https://www.cnbc.com/2023/10/16/investors-need-to-plan-for-likelihood-that-worst-is-yet-to-come.html