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Add as a preferred source on GoogleMark Minervini Sees U.S. Stock Decline Lasting One to Two Weeks
Minervini said SPY could fall 10%-15% from its high, with 20% as a worst case. He put a potential Nasdaq decline at 20%-25%.
Stock-market analyst Mark Minervini said a U.S. equity decline could last one to two weeks, with further losses potentially reaching double digits for SPY and the Nasdaq if the downturn worsens.
Minervini said SPY could fall 10%-15% from its high if selling intensifies, with 20% as the worst case. He separately said the Nasdaq could decline 20%-25%.
Minervini said he did not expect losses on the scale of the 1987 crash. A cyclical bear market like 1998 could emerge.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.