Why The S&P 500 Could Drop 20%

Video Credit: Wochit News
Published on September 12, 2020 - Duration: 00:29s

Why The S&P 500 Could Drop 20%

S&P 500 could fall by as much as 20% in the coming weeks, Tim Hayes, senior strategist at Ned Davis Research, told Business Insider.

"I would expect a decline of 15-20% and then we get a rally that maybe leaves us back where we are around now." Last week all three major Wall Street indices fell due to a sell-off in big US tech stocks.

Hayes said the valuations are very optimistic.

But he expects stocks to pick up after November once the US election is over.

Advertisement

You are here


πŸ’‘ One News Page Knowledge: Other News Mentions

S&P 500 Index

Stock market index
U.S. stocks overcame a wobbly start to finish higher Thursday, as traders welcomed more corporate quarterly results for the summer that weren’t as bad as Wall..
20 hours ago • WorldNews
U.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any signs of progress as lawmakers in Washington..
2 days ago • WorldNews
Stocks gave up some of their recent gains Monday as hopes faded on Wall Street that Washington will come through with badly needed aid for the economy before..
4 days ago • WorldNews
Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The Standard..
1 week ago • WorldNews


Wall Street

Street in Manhattan, New York
Tokyo stocks closed lower on Thursday, weighed down by a higher yen against the dollar and falls on Wall Street. The benchmark Nikkei 225 index fell 0.70%, or..
1 day ago • WorldNews
Snap has reported third-quarter results late Tuesday that beat revenue estimates and earnings, driven by a big jump in users and similarly large jump in the..
2 days ago • WorldNews
Wall Street's main indexes rose on Tuesday as investors hoped for more stimulus from Washington, with Senate Republicans preparing to vote on a bill to help..
3 days ago • WorldNews

Related news from verified sources

​The family of Labor powerbroker Eddie Obeid stood to make $100 million from an allegedly rigged coal tender, a Sydney court has heard.
on September 1, 2020 • The Age

(MENAFN) IRNA accounted that Iranian Energy Ministry's program for satisfying well-organized electricity subscribers with 100 percent reduction on the...
on September 1, 2020 • MENAFN.com

A Pride celebration in Odessa, Ukraine was beset by far-right nationalists who pelted LGBT+ activists with eggs and used pepper spray against them. In a...
on September 1, 2020 • PinkNews

Related videos from verified sources

Ahead of vote, Mitch McConnell touts Amy Coney Barrett as an 'outstanding' SCOTUS nominee 00:50
Video credit: USA Today News (Domestic) - Published 15 minutes ago 

Daily Dividend Report: JNJ,K,SCHW,CCI,DUK 01:52
Video credit: Market News Video - Published 41 minutes ago 

Catch Me! Fails of the Week (October 2020) | FailArmy 06:08
Video credit: FailArmy - Published 42 minutes ago 

You might like