A sell-off worse than December can arrive in a week, says analyst who is predicting a 'Lehman-like' drop
"The U.S. stock market especially is facing its greatest test of the year thus far," says Takada.
Takada's view, the most pessimistic on Wall Street, is based on macro and quantitative data including flows from hedge funds and other players. . He's sticking with this prediction as market sentiment shows no signs of improving, leading him to believe a monster sell-off could arrive this week. Takada's view, the most pessimistic on Wall Street, is based on macro and quantitative data including flows from hedge funds and other players, which showed sentiment is approaching the lowest level of the current cycle. He had predicted the first explosion in the, aka Wall Street's "fear gauge," which swung to the highest in 2019 on Aug. 5 when China allowed its currency to drop to a level unseen since the financial crisis amid the trade war.
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