By Adam Sharp It’s been a bloody week for the market. But it’s important to remember that the S&P 500 is down only about 3% so far in 2020. And believe it or not, the market is still up 10% over the last year.
I think we could be headed a lot lower. Even before the novel coronavirus happened, the market was fragile. Profits were slowing, as was the market before central banks lowered rates and brought back quantitative easing (QE).
In my view, the Fed’s low rates and easy money were the only things keeping the U.S. bull market alive (more on that here).
Low …read more
