The stock market could face a 7% correction by mid-November, says Fundstrat's Mark Newton.
AdvertisementThe stock market looks poised for a 7% correction by mid-November, according to technical analyst Mark Newton of Fundstrat.
AdvertisementNewton is monitoring the 5,900 level on the S&P 500 as potential resistance for the index.
The S&P 500 traded at around 5,850 on Friday.
"This market has seemingly 'dodged a bullet' thus far during one of the historically worst periods during most election years.
Persons:
Fundstrat's Mark Newton, —, Mark Newton of, Newton, Tom Lee's
Organizations:
Investor, Service, Equity, Technology, RSI
Locations:
Newton, Mark Newton of Fundstrat