BTIG warns stocks may fall after midterms as credit risks mount
FROM THE WIRE · SEEKINGALPHA.COM
[election day tuesday november 3 marked on calendar with us flag] Andres Rey/iStock via Getty Images Wall Street investors expecting a rally after the November midterm elections may be disappointed, according to BTIG strategist Jonathan Krinsky, who sees growing risks of a…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA bearish S&P 500 call after the midterms affects indices and cyclical sectors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01BTIG strategist Jonathan Krinsky sees growing risks for stocks.
- 02The S&P 500 could retreat toward 7,300, near its 200-day moving average.
- 03That would be a decline of about 4.3% from the recent level of 7,631.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
State Street Technology Select Sector SPDR ETF183.23 USDMarket closedtoday +0.49%Negative VanEck Semiconductor ETF527.20 USDMarket closedtoday +0.74%Negative State Street Industrial Select Sector SPDR ETF164.62 USDMarket closedtoday -1.27%Negative State Street SPDR S&P Transportation ETF97.72 USDMarket closedtoday -1.78%Negative iShares Semiconductor ETF478.20 USDMarket closedtoday +0.53%Negative SP500—n/aNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets