The S&P 500’s attempts to form a bottom should continue over the coming weeks to months, according to Ari Wald, Technical Analyst at Oppenheimer.
A contrarian buy signal has been triggered on emerging market equities, according to Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Only about half of all technical selling of equities has been completed to date leaving a further $100bn US dollars to be sold over the next one to three weeks, according to Marko Kolanovic at J.P. Morgan Securities.
There should be one more high before EURUSD resumes its downtrend, says Tony Sycamore, Senior Dealer Institutional Foreign Exchange at Commonwealth Bank of Australia.
George Davis at RBC Capital Markets has shifted his outlook from bearish to neutral for US 10-year yields.
Despite short-term bounces, the long-term outlook remains distinctly bearish for US and European equity markets, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Ron Meisels, President of independent research house Phases & Cycles, says the price action for US equities on 24 August was clearly a “selling climax”, but probably not “the” selling climax.
Non-recessionary downturns tend to be sharp and brief, but they still require time to stabilise, according to Ari Wald, Technical Analyst at Oppenheimer.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his medium- to long-term view on 40 key US stocks.
The outperformance of government bonds versus gold could signal a new wave of deflation ahead, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global in an interview for CNBC.