“In this bear market, we have had six rallies of 6% or more. The only question is whether we will see sector rotation. Stocks look like they are going to go lower. I am not looking for defaults now. Banks will kick off the next earnings season. Earnings are starting to come down and analysts are lowering their price targets on stocks,” says Wayne Kaufman. He also discusses the U.S. Dollar, crude oil, the Federal Reserve, and inflation.
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