Fundstrat's Newton: Expect a spring sell-off and a flat year in '22
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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Mark Newton, global head of technical strategy for Fundstrat Global Advisors, says he expects the market to sell off by about 20 percent from March through July of next year, before rallying back to finish flat or up slightly in 2022. Newton says that the tech sector's strength is what is largely staving off a down year, but it won't make the ride particularly smooth, as he is expecting heightened volatility. Also on the show, Chuck talks about setting goals -- and how New Year's target setting for 2022 should be more short-term focused than it has been over the last few years -- and we revisit a recent chat with Liz Ann Sonders, chief investment strategist at Charles Schwab & Co..