Wednesday, 27 December 2017

Market volatility to increase “dramatically” in 2018

US stocks returned to trading on Tuesday by closing lower. The S&P 500 fell 0.1 percent on light volume.

However, as 2017 winds to a close and investors look ahead to 2018, George Brooks at Investor's first read warned that volatility is likely to increase in the coming year.

“I see volatility increasing dramatically,” he wrote last week. “I can see two major corrections in 2018 (10% to 14%), the first starting in January, the second around mid-year.”

“Odds of a bull market top in 2018 are 50-50,” he added, with the possibility of “one more speculative surge”.

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