Following January’s employment situation report that came in below analyst estimates and the weakness in U.S. equities through January, Ed Confranesco sees stocks remaining choppy and leading to an overall downward trend. Confranesco says that as it’s been a continuous bull market since March 2009, a major correction is inevitable. Equities he likes right now include Ford Motor (F), Gold ETF (GLD) and Exxon Mobil (XOM).
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