[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]
[/video_player]
If you’ve been able to make my daily trading room sessions, the selling of the past few days hasn’t been a surprise at all.
The warning signs have been building and we’ve caught every single one. In fact, I’ve been doing everything short of pounding the table that we should expect downward pressure in the markets. As we’ve talked about, that selling pressure is now coming from investors bailing on tech and the chipmakers.
But it’s not all red ink. I’ve been looking at the precious metals space and some of the defensive consumer staples – those had a particularly good day today. That’s where I think we’re likely to find winners right now…
