The US stock market will likely take a “dangerous” period of choppy trading over the next two months, says chief strategist Sandy Jadeja in SignalPro CNBC Thursday.
– When it comes to the Dow Jones and S & amp ; P 500, I believe that we are about to hit a wall, says chief strategist to the news channel.
Looking at short-term cycles based on time analysis over price analysis, said the strategist that there is still life in the current bull market to despite it enters its seventh year after the global financial crisis in 2008.
He points out that the Dow Jones this week managed to claw his way back into positive territory for the year, after a steep decline in January burdened concerns over Chinese growth, falling oil prices and the tightening of monetary policy in the US
Jadeja says one can get further rise, but warns investors that they must expect significant fluctuations in the future.
– We will indeed into a very dangerous period in late April. This year is likely to “sell in May, go away” come back in force, says chief strategist at CNBC.
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