The Stock Market Doesn't Need a Recession to Fall Further in the Coming Months

The market is still overvalued after the recent drop, so it has not priced in a recession at all.

In this morning’s piece, we discuss why the market will likely fall further…even if we avoid a recession. (A recession will merely make it worse.) We also discuss why cutting short-term rates does not equal the “Fed put.”…..Finally, we discuss why one group outside tech has become quite oversold & could be due for a surprising near-term bounce.