What John Howell said in this video:
- Othernegative for stockslong-termThe host explains that IPOs represent new supply to the market, and the large number of IPO unlock periods this year and next will add more supply, putting downside pressure on the markets and contributing to a true top next year.Source
- Market Breadthpositive for stocksshort-termThe host expects a short-term correction in the stock market, but still believes there is one more big push to the upside before the effects of IPO unlocks are felt, making him bullish near term.Source
- Othernegative for stocksshort-termThe host sees silver as dead and expects it to move down to around the 45 level, possibly even down to 40, making him bearish on silver near term.Source
- Othernegative for stockslong-termThe host points to a massive head and shoulder formation on gold's weekly chart and a 12-month rounding top, expecting gold to get crushed with another big stair-stepping drop, with a target price of 3500.Source
- Market Breadthnegative for stockslong-termThe host believes next year could bring an actual true top in the markets, similar to 2000 or 2007, as tops take time to form via a rounding top formation before a major downturn.Source