[转贴] Expect Stock Downside Move in Next 3 Months: Pro

not4weak

“You’re going to have to arm wrestle with stocks and volatility,” McCullough told CNBC. “Once we get through year end, there’s going to be a 3 to 7 percent downside move in the next three months—so 1,157 [on the S&P 500] is a trendline support.”

McCullough warned investors that in the next 3 to 6 months, economic growth will slow and inflation will accelerate. In addition, he noted that bond risks in the U.S. look similar to the European sovereign debt risks at the beginning of last year.