Sarge of Market Recon: 'Is This Market Rotation the Real Thing?'
We asked our experts their thoughts on the current market environment during our December Trading Strategies session. Listen in because Sarge said there were plenty of reasons to sell.
"Is this rotation the real thing?" asks Stephen "Sarge" Guilfoyle, a former New York Stock Exchange floor trader who co-manages TheStreet's Stocks Under $10 model portfolio and author of our daily Market Recon
During our monthly Trading Strategies roundtable, Guilfoyle said he was concerned that tax reform, the corporate AMT in particular, was going to cause high net worth investors to take some profits before year end.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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