archiveDecline

Peter Berezin told you so — or he tried to, at least.The chief global strategist of BCA Research defied consensus wisdom by predicting late last year that US stocks would sink in 2025 as a full-blown trade war caused a global recession.A few months later, markets have been hit by one of the largest downturns on record caused by unrest from President Donald Trump's tariff policy. Berezin looks brilliant, but he's not gloating."I've been in this business long enough to know that victory laps — more often than not —...

The S&P 500 and Nasdaq 100 are hovering near their 200-day moving averages, a key technical support level.The 200-day moving average is an important indicator of potential trend reversals in stocks.Traders believe an immediate bounceback is needed for stocks to avoid further declines.The stock market has entered the danger zone as the S&P 500 and Nasdaq 100 hover near their 200-day moving averages.Both indexes are trading at the key technical support level after a 6% decline in the S&P 500 and a 9% sell-off in the Nasdaq 100 since mid-February.The...