LPL Research share their thoughts on how far this latest pullback might go. They also provide an update on the housing market, discuss rising recession risks in Europe, and preview the Federal Reserve’s Jackson Hole symposium later this week.

Chapters:

00:00 - Intro

00:37 - Agenda

01:26 - How Much Further Might This Slide Go?

01:53 - S&P 500 Rally Lost Steam Conveniently at Its 200-Day Moving Average

04:22 - S&P 500 Performance Has Been Excellent Historically After Surging Breadth

06:01 - 2011 Comparison is Instructive

08:16 - Housing Update

08:54 - Existing Home Sales Plummeted As Rates Rose

09:58 - Inventory Still Below Pre-Pandemic Levels

13:25 - Existing Home Sales Differ By Region

15:09 - Recession Risk Rising in Europe

16:09 - Germany's Electricity Prices are Soaring

23:10 - What Could Move Markets in the Coming Week?

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