Saturday, 29 April 2017

Markets fall but buying opportunity could be coming soon

Markets fell on Friday.

The S&P 500 fell 0.2 percent, the STOXX Europe 600 fell 0.2 percent and the Nikkei 225 fell 0.3 percent.

Ian Winer, head of equities at Wedbush Securities, said that this “feels like a breather after a hell of a rally this week”.

However, the rally may be set to resume soon, according to Simon Maierhofer.

Writing in MarketWatch, Maierhofer said that a “number of longer-term indicators suggest higher prices” and that the best buying opportunity of the year in stocks could be coming up soon.

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