With the US stock market down hard this week and threatening to move even lower in the wake of massive trading losses at JP Morgan, we thought that this was a good time to revisit our March 27th appearance on CNBC’s Street Signs.
During the interview with hosts Brian Sullivan and Mandy Drury, Director of Research John Kosar said that many of Asbury’s US stock market metrics were directly opposite to where they were back in August 2011 when the US market was bottoming, which suggested an upcoming US stock market decline amid relative underperformance by the Technology Sector.
The S&P 500 actually peaked four days after John’s appearance, on April 2nd, and has since (through May 10th) declined by 79 points or 6% while the NASDAQ 100 has coincidentally underperformed the S&P 500 as expected, by 3%.
The next questions to be answered are obvious, and have been a major point of focus in our research during the past week.
- is the April decline over?
- if the April decline isn’t over, how much deeper is it likely to go?
- what sectors of the market are poised to outperform into Q3 2012?
Interested investors can request further information about our research by clicking here and completing the on-line form, or by calling 224-569-4112.
2nd Quarter US Stock Market Direction?<br>Revisiting Our March 27th CNBC Appearance:
May 11th, 2012 at 2:20 pm