Purves: Don’t Expect Bull Run for a ‘Long Time’

Michael Purves puts this week’s sell-off into perspective: “you’re due for some level of consolidation and adjustment” after the strong run of the last two years. “There’s a lot of mental adjustment people have to do,” after these tariff announcements, he adds, and doesn’t expect a bull run to pick up for a “long time.”

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[Jjkal]

Congress needs to take their tariff authority back from the president. They need to start doing their job and quit playing games. The constitution gave Congress that power and they delegate it to the president.

[readysetmoses]

We are coming to learn checks and balances only work if the checks choose to actually check

[telescopicS]

Oliver's so great, the way he puts on a personality for the market. Last 2 days he's been hung over and depressed. It's just so perfect for the act. Bravo.

[animusadvertere]

Why is it worse for the US than other countries? Because the US is at war with every trading partner, but other countries are only at war with the US. Other countries will shift trade to markets with lower/zero tariffs.

Also, the US is losing / has lost the trust of other countries. You just imposed tariffs on partners with whom you signed free trade agreements (plus much worse threats). Divestment from the US will continue from this point on.

[youtubetim]

Orderly? Index is down 10% in 2 days there isn't anything Orderly about that

[jimmythagreek]

These people think Armageddon is going down. The time to buy will be when the greatest investor of all time uses his $300 Billion cash pile to start buying equities again. Until then I would build up a cash hoard.

[thomasroche]

Could easily get back to 2022 levels with 15 PE multiples

[jackjanpour]

So you think Bangladeshian woman is going to eat the tariff?

[wespin]

V shape recovery b4 may easily all we need is any sign of relief, like Vietnam is willing to negotiate for example

[rafeekrohoman]

All your analysts were dead wrong. All bullish. Now i am not hearing them recommending puts and calls anymore. Now i am laughing. 😂.

[JohnTPapadopoulos]

"long time" is maybe a week for a wall street guy.

[daviddesautels]

Good opportunity for buy and hold investors . Reinvested dividends buying shares at attractive prices.. Go Trump! 👍

[Newlinjim]

The 10yr was screaming Head and Shoulders.

[hobertmasterson]

cant pick one stock? if you cant pick one in this moment id be surprised if this guy has anything in his portfolio other than gold? doesnt like BTC- please schwab screen some of these guys

[pkoduri]

Let the guest finish their thoughts. Geez, we know you are smart but respect your guests a little.

[captspiff]

S&P down 1% from this time last year. S&P still up 100% from 5 years ago.
Needs another 10% down, then I'm back in. Liking the ride. 🙂

[BadaLogic]

There will NEVER be another bull run. It’s going all the way down. Guaranteed! Sell everything and

[jacquelinekeddy]

Surprised Americans are still able to laugh

[BR-exxp]

Guests take is off. Why would next administration ship manufacturing back overseas leaving our factories empty and our new found prosperity gone? Would make no sense if they had America’s interests. Trump is bringing us back

[philyogaeveryday]

Trump's tariffs is good, the sell-off of the hugely overvalued mag-7 was way overdue, the rest is pure FUD.