Oh noooooo.....one day the bull market has 7 years left, the next a bear market is headed our way!!!! The analyst who called the correction now sees a bear market starting within a year Barry Bannister, Stifel's head of institutional equity strategy, is telling clients to prepare for a big market drop. "Our models for the S&P 500 point to minimal price upside in 2018 and a bear market (-20%) in the coming year," he writes. Tae Kim | @firstadopter Published 42 Mins AgoUpdated 23 Mins Ago https://www.cnbc.com/2018/03/22/the...ees-a-bear-market-starting-within-a-year.html
U.S. stock index futures ticked lower ahead of Thursday's open, as investors braced for a tariff announcement from the White House. Around 8:51 a.m. ET, Dow futures dropped 296 points, indicating a drop of 255 points at the open. The Nasdaq and the S&P 500 futures also indicated a negative open for their respective markets. The moves in premarket trade come after Wall Street finished Wednesday's session in the red. The Trump administration is set to announce later on Thursday tariffs designed to punish China for intellectual property theft.