Market is topping and signaling recession: technical analyst

Chris Vermeulen, founder and chief investment officer at Technical Traders, joins BNN Bloomberg for his take on the markets, why recent rallies could be bearish signs and why not to sell Nvidia.
Subscribe to BNN Bloomberg to watch more videos: / bnnbloomberg
Connect with BNN Bloomberg:
For the latest news visit: www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: / bnnbloomberg
BNN Bloomberg on Twitter: / bnnbloomberg
BNN Bloomberg on Instagram: / bnnbloomberg
BNN Bloomberg on LinkedIn: / bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

[@PaulKatrina.]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@GeorgeDean-km3wm]

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

[@KarenLavia]

I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.

[@ScottKindle-bk3hx]

Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@KarenLavia]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@EddyAgnes-vy4kp]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@Wendytsang12]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@Lewyn298]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@TylerofSc004]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@greekbarrios]

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

[@TylerofSc004]

She goes by ‘Jill Marie Carroll’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

[@greekbarrios]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@deborahmorgan3343]

I'm no longer confident in my investment strategy due to the impending recession. I aim to reallocate my $250K portfolio. What's the most effective strategy to invest right now?

[@carolynrose1816]

Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.

[@AddilynTuffin]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@AddilynTuffin]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@floxydorathy6611]

I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.

[@lucasanderson8993]

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

[@Jamcore2008]

He did predict 50% fall last month ..make sense now

[@jayhebert8775]

Chris is a legend.

[@Jamcore2008]

Recession with commodities rising ? Come on bro

[@Theoutlaw007]

10 min ago Bloomberg: “markets are not at a tipping point” 9 min ago Bloomberg: market is topping and signaling recession. You guys bipolar over there?

[@MrChampManager]

They listen to people's opinions. They don't provide one.

[@ticalculator830]

they cant blame the jews

[@user-je6cy3pu3u]

Don’t worry no interest rate cuts it’s hyperinflation on its ways richest get richer any direction it goes somehow?

[@esparda07]

Recessions are a self-fulfilling prophecy. The moment people believe it, it becomes true. E.g. Bank runs.

[@Ravi-xo1yq]

I was wondering the same thing. One of them is a cya

[@Slickpete83]

💡 *NO,market is just adjusting to a higher Crude Oil price and higher interest rates for a longer time*

[@rickhayes-oh2zm]

No inflation is bullish for gold. That is what we go. and going higher. Get an inflation guy or girl on here.

[@mesutserim1595]

With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.

[@UKNOWMESCP]

FINALLY SOMEONE SAID IT. "ITS OFFICIAL"

[@thetruedemocraticnorth]

in the united states not in Canada

[@UKNOWMESCP]

@@thetruedemocraticnorth Noo things are great for everyone. Time for your snack and a diaper change

[@SebastienMigneault]

2 negative days on the stock market : The "R" word comes out.

[@firstlast8258]

Too late for most 🤓 🖕

[@ayushjain6521]

Anchor looks beautiful

[@illegalsmirf]

mid to lower

[@fernendo4]

Finally someone with 🏀s yo say it.

[@karimmourabitamari6540]

I look at my massive losses on fixed income (TLTW or TLT) and I guess some other stuff drops even more and a few weeks dropping like that should bring some bargains.

[@illegalsmirf]

BTFD

[@Mckennie61751]

I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $200k in my stock portfolio. What is the greatest approach to profit from the market?

[@WestonScally7614]

The mkt has gone berserk! Whether you’re a newbie or a veteran trader, everyone needs a sort of coach at some points to thrive forward.

[@SageMadsen]

I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today. you should not make investment decisions without consulting with an FA

[@louis71350]

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

[@SageMadsen]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@louis71350]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@TheGuby123]

uber long TMF as of today

[@maryjoan4128]

Not good news.not surprised... add to that the effects of a ridiculous bankrupting federal budget tomorrow... What's next

[@marcussurleyadventures1928]

It’ll take forever to recover like several years ha ha hah

[@zomgoose]

Japan enters the chat

[@doctorgonzo5358]

Buy the dip. Earnings and GDP revised up. Even IF a recession came, fed lowers interest rates and government stimulates. Devaluing the dollar and inflating asset prices. Welcome to Keynesian Economics, noob.

[@Odysseus38]

Nah only up from here no more bear markets from here to the end of time 😂😂😂😂

[@yvonjasser]

He said that all 2023 😂

[@anatoly8018]

Wishful thinking at its best. After two bear markets very unlikely we get another one.

[@firstlast8258]

Speak for yourself 🤓 🖕

[@anandkumar61]

he is the most irritating anchor i have ever seen. he speaks lot of things which is actually cooked from his own kitchen. i have stopped watching many indian news channels which are godi media. most anchors appears to be modi bhakts?

[@bsant54]

Gold is up because countries buying since Russia, a superpower, got its assets seized. This guy is dumb.

[@alexnehme3493]

Do you guys know how i make money. when blooomberg says something i do opposite thats why iam successful. Jews pay for bloomberg so people dont make money. Keep investing in stocks bull until 2025.

[@lushankhan6817]

Mistress standard guy JUSTIN Trudeau L standard a utthe chasche

[@S2kkilla]

Never listen to knows when trading lol it's all a scam look at charts