Investors should sell the rallies; S&P 500 can fall another 10%: Chris Wood

Christopher Wood, global head of equity strategy at Jefferies believes that S&P 500 has more room for downside. Investors, he suggests, should look to exit stocks on any intermittent bounce-back.

Despite the sharp 20 per cent fall from its peak that has put the S&P 500 index in bear territory, Christopher Wood, global head of equity strategy at Jefferies believes there is more room for downside. Investors, he suggests, should look to exit stocks on any intermittent bounce-back.

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“The outlook remains the inverse of Goldilocks with GREED & fear remaining firmly of the view that investors should look to sell rallies. The minimum decline investors should expect, if the Federal Reserve sticks to its