VIDEO: January Stock Market Correction Explained
January 20, 2023
Knox Ridley
Portfolio Manager
In late November, we warned our readers that December could be a volatile month. The recent bounce in January also provided some warning signs, which we used to get defensive.
Now that the market has pulled back, some expect a quick bottom to resume the uptrend. However, based on what various markets are telling us, we think that this pullback has the potential to continue into February.
As we stated before, as long as the Dow holds its October 13th low, we view any additional weakness to be a tremendous buying opportunity as we setup for a push towards 4400 SPX later in the year.
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