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The stock exchange damaged an important support zone on Monday. Although markets are recovering today on Tuesday, Gareth Soloway, chief market planner of InTheMoneyStocks.com, claimed that if this level is not held, a break-down can take stocks completely down to pre-Covid highs, representing a 25% decrease from existing levels.
Talking With David Lin, support for Kitco News, Soloway added that maybe a year prior to a large rally occurs for Bitcoin as well as the previous highs are taken out.
Follow David Lin on Twitter: @davidlin_TV ()
Adhere To Gareth Soloway on Twitter: @GarethSoloway ()
0:00 – Monday's market sell-off
4:18 – 10-year yield
5:38 – Exactly how to trade currently
10:11 – Bitcoin
12:27 – Gold
16:27 – Stock market disadvantage
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25% stock market crash? Crypto winter for 1 year? Neither would be ‘shocking’ – Gareth Soloway
The stock market broke a critical support zone on Monday. Although markets are bouncing back today on Tuesday, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that if this level is not held, a break-down could take stocks all the way down to pre-Covid highs, representing a 25% decline from current levels.
Speaking to David Lin, anchor for Kitco News, Soloway added that it could be a year before a big rally happens for Bitcoin and the previous highs are taken out.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gareth Soloway on Twitter: @GarethSoloway (https://twitter.com/GarethSoloway)
0:00 - Monday's market sell-off
4:18 - 10-year yield
5:38 - How to trade now
10:11 - Bitcoin
12:27 - Gold
16:27 - Stock market downside
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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