Nasdaq 100 Shows Stocks Are in Corrective Process, Macro Risk's Kolovos Says

John Colovos, chief technical strategist at Macro Risk Advisors, discusses the current state of equity markets, focusing on the NASDAQ 100. He explains the concept of market corrections and predicts a potential decline to 7000 for the NASDAQ 100. Colovos also examines the relationship between interest rates and market stability, highlighting the copper to gold ratio and US interest rates. Finally, he analyzes copper and gold trends, identifying a head and shoulders pattern in copper and a breakout in gold, suggesting a lower copper-gold ratio and a shaky market environment.

What is the predicted move for the NASDAQ 100 according to John Colovos?

• A move up to 8000

• A move up to 9000

• A move down to 7000

• Stabilization at 7500

How does John Colovos describe market corrections?

• As a single-phase process

• As a continuous cycle

• As a three-act drama

• As a two-act drama

What does John Colovos suggest is crucial for equity market stabilization?

• The GDP growth rate

• The inflation rate

• The interest rate environment

• The unemployment rate

What pattern does John Colovos identify in the copper market?

• Double bottom

• Cup and handle

• Head and shoulders

• Ascending triangle

What is the potential move for gold according to John Colovos?

• A move to 1800

• A move to 1700

• A move to 2000

• A move to 1500