The Market's Heading for a Double-Digit Sell-Off, But There's a Silver Lining Ahead

The Daniela Cambone Show

The stock market rallied to a 16% gain through the first six months of 2023, completing a strong first half despite fears of a recession looming over several important asset classes. But with uncertainty about today's rampant inflation and heightened geopolitical tensions clouding the market right now, many investors are unsure about what to do with their money throughout the rest of the year. Today’s guest Carter Braxton Worth, founder and CEO of technical analysis company Worth Charting. Carter asserts that a massive wave of sell-offs is inevitable moving forward, creating the opportunity for huge gains in the long term once the downtrend reverses. He says, "We're due for some sort of sell-off or drawdown... It's not a bad thing. It's a good thing. It corrects something that's incorrect. That's what sets you up ultimately to go higher."

Carter highlights the precious metals sector as a viable space for investors to explore in order to secure a safe-haven asset throughout the upcoming drawdown. "There arecatch-up trades [available], things that have lagged but whose chart patterns are constructive and good... Gold has kept up with the S&P 500 on a one-year basis," he explains. He concludes by predicting a major uptrend in silver assets, encouraging investors to add the precious metal to their portfolios before the rally begins. Carter says, "I like how this sets up. One wants to have this very much as part of their mix in terms of risk assets. It's the most explosive and dynamic."

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