VIDEO: 'Clearing the Decks' for the Fed and the Market
Chris games out the week, talking oversold stocks, lower trading volumes, market volatility, and a potential hawkish rate cut.
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In between manning the Daily Diary today and getting some things ready for the Pro Portfolio, Chris Versace visited with Nicole Petallides and the Schwab Network to discuss how we see the market playing out over the next several trading sessions. That includes the lower-than-usual trading volumes this week and the potential for market volatility to remain in place as we move through a November data-filled week right after the Thanksgiving holiday.
Chris reviews the Pro Portfolio’s near-term focus on well-positioned stocks with an oversold condition as we wait for the S&P 500 to retest a key support level. We also discuss why the Pro Portfolio remains bullish on several holdings, including Axon (AXON) , Arista Networks (ANET) , and Amazon (AMZN) .
Click here to watch the conversation between Chris and Nicole
More Pro Portfolio:
- We're Adding to 3 Holdings as the Market Finds its Footing
- Drone Cops in Sky, Struggling With 6-Figures, AI All-in, More Investing News
- Weekly Roundup: Recapping Our Moves and Looking Ahead After a Challenging Week
At the time of publication, TheStreet Pro Portfolio was long AXON, ANET and AMZN.
