Joel Elconin, Co-Host of the PreMarket Prep Show joins us to offer an in-depth analysis of recent market movements. As the S&P 500 hit new all-time highs earlier in the week, it quickly reversed with a significant sell-off observed on Thursday and Friday. 

Joel delves into the contributing factors, including key economic data releases like lower-than-expected existing home sales and declining sentiment surveys. We also cover the impact of corporate earnings reports and policy changes on market sentiment, particularly focusing on stocks like Palantir which saw dramatic shifts due to external pressures, CEO stock sales, and sector rotations. 

Joel explains the importance of understanding valuations and the concept of 'lost leadership' in the market. The conversation covers themes like sector rotation, the potential for increased unemployment, rising inflation, and how these factors create a 'triple whammy' impacting economic stability. 

Joel also touches on alternative investment strategies, such as moving assets into bonds, gold, or money markets, as safe havens.

Click here to visit Joel’s PreMarket Prep website.