Joel Elconin - Everything Down Today! It’s Not Rotation, It’s Frustration
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of PreMarket Prep joins me to discuss the breakdown in almost everything market related to end the week. Weak jobs data today added fire to the now 3 week downtrend in the major averages.
Joel delves into the Fed's inflation control measures, AI investment uncertainty, global recession fears, and geopolitical tensions. Despite Apple's positive earnings report, Joel stresses a cautious outlook, noting only utilities and specific sectors as minor bright spots in the turbulent market.
