“Stock market is at the start of a selloff, says veteran trader Larry Williams”
September 19, 2020
“You should trust your instincts if you’re nervous because of the wobbly action in the S&P 500 Index SPX, -1.11%, Nasdaq COMP, -1.07% and the Dow Jones Industrial Average DJIA, -0.87% since these indices got slammed in early September.
Starting right about now, the stock market will see a significant and sustained selloff through about Oct. 10. Don’t look to gold as a hedge. It’s riding for a fall, too, despite the widespread misbelief that it protects you against losses in weak stock markets…”
My outlook is more optimistic but for those of you trying to avoid risk this is a safe bet to say the market is trending this way.