Stocks have dropped around 9%, which Cowen expected. Now the question is what happens next.
Key Points
Key Highlights:
- The drop isn’t over yet, it could go a bit deeper (around 10–15%)
- Most likely scenario:
→ Market finds a bottom in April
→ Then we get a short-term bounce (relief rally) - That bounce can go two ways:
→ Weak bounce → lower high → continue down
→ Strong bounce → maybe retest highs → then drop - Big picture signal:
→ Stocks are weakening vs gold, like before past crashes (2008, 1973) - No matter what:
→ This is probably not the final bottom yet
Final Takeaway
Expect a bounce soon, but overall trend still looks down before things fully reset.
