• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Josh Brown says this key indicator suggests it’s time to sell now
Investing

Josh Brown says this key indicator suggests it’s time to sell now

by November 29, 2022
by November 29, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

A key market indicator suggests that investors should “sell” here as things could get worse in the coming days, says Josh Brown – the CEO of Ritholtz Wealth Management.

Here’s what the history tells us

Brown’s view is primarily based on “VIX” or the CBOE Volatility Index that returned to “20” on Friday for the 5th time this year.

In each of the previous four times, he recalled this afternoon on CNBC’s “Halftime Report”, a reading that low sparked a sell-off in the equities market.

That [playbook] has served you very well. If you’ve used that lack of volatility as your governor – am I too long? Am I too eager for the upside? That is exactly the moment [to sell].

It is also noteworthy that the S&P 500 failed to break above its 200-day Moving Average at just over 4,050 level. That in itself suggests upside exhaustion.

Investors are waiting for more clarity

U.S. stocks are keeping in the red this week after the “fear index” hit a low on Friday. So, the history does indeed seem to be repeating itself.

Part of it may be related to investors wanting to wait for more clarity, expected after the CPI print on December 13th and the FOMC meeting a day after. Brown added:

There’s a story of resilience, there’s also a story of it might be too early to celebrate. Stocks are appropriately in the middle of that tug of war. We’re not taking off to the upside, but you have some bounces off the lows.

Fed Chair Jerome Powell is also scheduled for a speech this Wednesday.

According to Josh Brown, investors should return to equities and look for opportunities to buy once the “VIX” is back in the high 20s.  

The post Josh Brown says this key indicator suggests it’s time to sell now appeared first on Invezz.

You Might Also Like
  • Lloyds Bank share price forecast for 2023
  • What Is Delta Hedging?
  • DAM Finance releases testnet for its omnichain stablecoin d20
  • Oak Street Health stock just rallied 30%: explained here
Share
0
FacebookTwitterPinterestWhatsapp

previous post
CrowdStrike stock tanked 20% in extended trading: what happened?
next post
3 scenarios for the US economy in 2023

You may also like

What made Designer Brands stock tank 25% on Thursday?

December 1, 2022

Is America a part-time economy? Half a million full-time roles...

January 9, 2023

Tesla stock is down another 10% on Tuesday: here’s why

December 27, 2022

Why New Traders Struggle: 3 Key Concepts New Traders Never...

September 1, 2023

Why is Tesla dropping?

December 22, 2022

ECB Governing Council Member Klaas Knots: Interest Rate Hikes Far...

November 28, 2022

Morgan Stanley recommends avoiding Airbnb stock for 2023

December 7, 2022

This telemedicine stock could shoot up 60%: Citi

December 1, 2022

Tesla stock has rebounded from a key support: should you...

November 29, 2022

Lloyds Bank share price forecast for 2023

January 2, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    OptionNET Explorer (ONE) Software

    March 19, 2023

    Cramer reacts to FTC complaint against...

    December 9, 2022

    It’s time to move to the...

    January 11, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here