What John Howell said in this video:
- QQQbullishmid-termAfter the short correction, he expects another big rally producing a higher high around December to January.Source
- SPYbearishshort-termWithin the short-term correction, he expects the S&P 500 to fall roughly 7-10% over the next week or two.Source
- QQQbearishshort-termThe host expects the current correction to last another week or two, with the NASDAQ falling about 10-15%.Source
- Oil & Energypositive for stockslong-termStrong energy demand has made energy the hottest sector this year, and he has been heavily bullish on the sector all year.Source
- SPCXneutralmid-termSpaceX is cited as an example of new IPO supply that forces investors to sell other holdings; no directional call on SpaceX itself is made.Source
- Market Breadthnegative for stockslong-termHeavy IPO supply and unlock periods drain the fixed pool of market capital, signaling a 2000-style top; he expects a possible market top next year followed by a 30-40% correction.Source