HomeInvestingEarningsEd Butowsky Sees 15% Pullback in 2022

Ed Butowsky Sees 15% Pullback in 2022

Despite a month of pressure on the Nasdaq-100 (NDX), Ed Butowsky believes markets are still incredibly overpriced based on expected earnings. Some of the high-flying stocks like Tesla (TSLA) have already shaved off a significant percentage. Going into 2022, Butowsky said he won’t be buying the dip either as he believes markets are poised for a 15-20 percent pullback in the first six months of next year. He says that will largely be due to inflationary pressures and rising interest rates putting pressure on corporate profits hurting overall stock valuations.

The Watch List

17 Dec 2021

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