The stock market broke a critical support zone on Monday. Although markets are bouncing back today on Tuesday, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that if this level is not held, a break-down could take stocks all the way down to pre-Covid highs, representing a 25% decline from current levels.
Speaking to David Lin, anchor for Kitco News, Soloway added that it could be a year before a big rally happens for Bitcoin and the previous highs are taken out.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gareth Soloway on Twitter: @GarethSoloway (https://twitter.com/GarethSoloway)
0:00 – Monday’s market sell-off
4:18 – 10-year yield
5:38 – How to trade now
10:11 – Bitcoin
12:27 – Gold
16:27 – Stock market downside
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