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Let's bring in our market panel we've got Joseph -- shapers investment research senior equity analyst along with Ken -- Sierra fund's managing director.
-- -- -- a bit more of the bearish between you two and so I guess the question.
After we've just spoken to are trader in the CME is -- -- says this market kind of anthropomorphic -- -- -- -- the market wants to go higher.
Well the market stumbles pretty easily on scary news do you feel that something bad is coming say from China or maybe even the North Korean has so far hasn't shaken the result here of the bolts.
Well it's hard to I have to acknowledge that the market does appear to be resilient.
Until it starts to go down we saw this with a lot of the leaders they lost some momentum.
And now of their.
Quite a ways down apple -- -- for instance Amazon are just examples of declining momentum what can trigger a larger decline.
It could be something that's based on news that typically.
And news event is very short lived.
And get to Joseph Joseph you well -- more bullish you say look we can continue to work.
Move higher throughout the year but there's always this talk about this much needed say some.
Odd do you anticipate that in the near term mom and how high do you think we can go by the year by the year's end.
Yes I would not.
Expect correction here and the reason I mean one thing that I don't think a lot of people are talking about is just since February it has been about a 10% increase in short interest on the S&P 500 components now -- market has continued to sort of turn -- slowly and as the other -- just talked about.
-- a daily basis they're covering -- but we're gonna continue to see that as a lot of these markets are near all time highs.
At or near all time highs hope -- actually got an rectify our business interrupt we do --
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