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Scott Minerd Sees Another 20% Downside For Market By Mid-October — Warns Of More Pain

The recovery seen after the mid-June lows led analysts and investors into believing that the market may have bottomed. It was not to be, though. What Happened: Following a nice rebound that lasted until mid-August, the market has hit another rough patch amid interest rate worries. An analyst now anticipates more pain ahead in the coming months.

QQQ

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US Stocks Could Lose Momentum Thursday As Futures Trade Flat Ahead Of Powell Speech — Tesla, GameStop In Focus

The major U.S. index futures are little changed on Thursday, as apprehensions return after Wednesday’s strong advances. Investors are left to contend with more Fed speeches, while the corporate news flow remains fairly light. On Wednesday, U.S. stocks opened mostly higher and stayed above the unchanged line for the bulk of the session, before closing notably higher.

BILI