Specifically, the analyst applied a similar methodology to the S&P 500 and the Dow Jones Industrial Average and estimated they are also within just a few peaks from dropping.
Though it is again unclear if the coming fall will be a fairly standard correction—possibly even a ‘buy the dip’ opportunity—or the start of a new recession, the fact that the analyst was comparing the current market with stocks’ performance between the Financial crisis of 1914 and the start of the Great Depression in 1929 will likely disturb the sleep of many a trader.
