Joel Elconin - Market Correction: “Batten Down the Hatches”
In this KE Report daily editorial, Joel Elconin, co-host of Pre-Market Prep and founder of the Stock Trader Network, joins us to break down a broadly red market day marked by spiking volatility, tech weakness, and shifting expectations heading into year-end.
Key Discussion Highlights:
- Market Selloff Intensifies: VIX hits 25, risk assets slide, and tech leads the downturn.
- Nvidia Breakdown: NVDA’s failed 50% retracement signals deeper market weakness.
- Fed Cut Expectations Fade: December cut unlikely; lagging data adds uncertainty.
- AI & Labor Market Shift: Structural unemployment may rise as AI-driven job cuts accelerate.
- Where Money May Hide: Potential resilience in Walmart, utilities, healthcare, and financials.
- Longer-Term Tone: Caution warranted; market may be entering a multi-quarter grind.
Click here to visit Joel’s PreMarket Prep website
Click here to visit the Stock Trader Network
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
