Uri Landesman forecasts S&P 500 correction of 15%

Jan 8, 2015

Our exclusive partner Exante arranged a series of interviews with professional traders and market analysts, including the top TradingView authors. Make sure you don’t miss it!

In continuation of our previous interviews with Giovanni Pozzi and Hendrik Klein, we are very excited to share with you our new Q&A-based article with Uri Landesman, president of Platinum Partners LLP, who has over 27 years of experience in the investment industry. Mr. Landesman provides his expert opinion about the current state of the stock market and how will it be affected by the end of QE.

The US stock market has been on the rise with Dow reaching an all-time high. Do you see the rally continuing or do you anticipate a correction in the stock market?

I believe there is going to be a major correction in the stock market sometime soon, although it is very difficult to predict the timing. While I like the market, longer term I do not think the bull market will be over until we get to the 2300-2350 level on the S&P 500.

What is the correlation you see between QE and the stock market, if any, and what should we expect now that the Fed ended its QE?

I should highlight that I do believe that the market is addicted to quantitative easing. In fact, what is going to cause the expected correction that I called for in the previous answer will be, amongst other things, the lack of a safety net under stock prices that quantitative easing 1, 2, and 3 have provided to the stock market.

The full interview with Uri Landesman can be viewed on our webpage.

More articles with leading financial experts are available with Giovanni Pozzi and Hendrik Klein.

 

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