Summer u.s: Equity Market and Late-Wednesday Interview

summer u.s: Read Stock-market bear who called selloff says S&P 500 near fair value, but beware overshoots' The investor said that by the end of the summer U.S. benchmarks could fall to lower lows than those produced during a withering fourth-quarter selloff that culminated in the ugliest Christmas Eve trading session in history, according to Market Watch. The trade tensions are likely to get a lot worse because we have never in modern times had a trade war like this, Minerd said. The chief investment officer and one of the world's premier bond-fund managers, in a late-Wednesday interview, told Market Watch that the equity market is likely to stage a mini-rebound in the coming sessions but then, watch out. A fall to at least its December low for the S&P 500 SPX, 2.14% would represent a decline of roughly 16% from its current level, for the Dow Jones Industrial Average DJIA, 2.06% a drop to last year's nadir would mark a more than 13% skid, and for the Nasdaq Composite Index COMP, 2.65% a more than 18% tumble based on Thursday's trading levels. Our models signal markets will make new lows in the summer, he said. Source Fact Set data Caption outside of wrapper for normal article images Check out Market Watch's snapshot of the market Minerd said that by the end of next week, if not sooner, the market will find a near-term bottom but then his proprietary trading models indicate that a downturn is more likely than not. (news.financializer.com). As reported in the news.