Related Topics
Stocks , Investing

"The Story of the Year"

by Steven Hochberg and Peter Kendall
Updated: December 31, 2018

Think back to late summer. Stocks are rising; FAANGs are leading the pack. Earnings are reassuring. The unemployment is low; the economy is strong. Why worry?

Around that time, our August Elliott Wave Financial Forecast wrote: "Many skyrockets become air pockets when there is a big change afoot in the broader market." It was referring to tech stocks, specifically.

Today, with stocks like FB and NFLX down 40% or more, it's easy to look back and give a list of bearish factors "explaining" why the tech sector is in such a bad shape.

But, as reassuring as those explanations may sound, they don't tell you one thing: What's next?

This quick excerpt from our Elliott Wave Financial Forecast gives you the answer.

Don't have an EWI Login?

No worries! Join Club EWI, our free Elliott wave educational community, and gain free access to this resource plus a full catalog of other valuable lessons. Plus, we'll keep you updated with new resources, exclusive invitations, and deals.

We respect your privacy.
Already have a login? Click here.