Market experts Ralph Acampora, Larry Williams, and Vance Howard are predicting weakness in the U.S. stock market in the coming weeks. Despite this, they do not believe it will signal the end of the bull market, as a recession is unlikely. This presents an opportunity for investors to buy stocks at a lower price during the anticipated selloff.
Acampora suggests waiting for a panic moment, which he predicts may occur in mid-May, before making any significant purchases. He expects a significant low by mid-May and foresees a month of volatility ahead. Williams advises selling into strength as he anticipates weakness in the market through mid-May, followed by a relief rally in early June.
Howard, on the other hand, believes that the current market conditions are creating buying opportunities, particularly in computer-chip stocks such as Advanced Micro Devices, Nvidia, and the iShares Semiconductor ETF. He expects the downside volatility to continue until around mid-May but remains optimistic about the long-term prospects of the bull market.
Overall, these experts offer differing perspectives on the market outlook but agree that caution and patience are key in navigating the current market conditions. Investors should consider their risk tolerance and investment goals before making any decisions in response to the predicted market weakness.