“More volatility is likely in store” after the S&P 500 Index tumbled more than 10 percent in just 13 days this year, according to Brian Belski, chief investment strategist at BMO Capital Markets. Belski cited data that showed similar losses during bull markets since 1970 lasted at least twice as long. Stocks are poised to retreat to this year’s low “at the very least” he said.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev