Joel Elconin, Co-Host of the PreMarket Prep Show joins us to discuss the markets continued fall, and if this could develop into a major market crash. 

The discussion begins with an overview of the significant declines in major indices, including the S&P 500, Dow, NASDAQ, and Russell, highlighting the widespread market downturn. Joel elaborates on the limited support and uncertainty affecting market sentiment, emphasizing the role of geopolitical factors and US policy decisions. We discuss the implications of overvalued markets, algorithmic trading, and the impact of current US economic policies, such as tariffs, job cuts, and reduced government spending, on potential recession risks. 

The conversation shifts to the ongoing trade wars and their global impact, leading to capital outflows from the US and a weakening dollar. Joel provides technical analysis, suggesting key levels for potential market corrections and emphasizes the shift from growth to value sectors in investing.

Click here to visit Joel’s PreMarket Prep website.