Veteran analyst sends urgent message on S&P 500
From Yahoo Finance: 2025-05-05 19:33:00
The S&P 500 soared after Trump paused tariffs, despite concerns about a slowing economy and recession risk. Wall Street analyst Tom DeMark predicts a market top soon due to technical damage. The Fed faces challenges balancing inflation and unemployment. Inflation is stagnant, layoffs are up, and consumer confidence is down due to tariffs. DeMark’s tools predict market turns and suggest a possible 20% drop in the S&P 500.
Read more at Yahoo Finance: Veteran analyst sends urgent message on S&P 500