Ben Cowen Says “Everyone Expects It” Was a Bad Reason to Bet Against the Q4 Market Selloff

Market analyst Benjamin Cowen says the Q4 market selloff in US stocks arrived on schedule, despite arguments that a widely expected correction would never happen. The call rests on three midterm cycles, and Cowen says it is not an exact science. He says the Nasdaq has dropped over 10%, mirroring 2018. Bitcoin (BTC) holders face the same argument, since he says it also tends to bottom in Q4. Does Consensus Protect Markets From a Correction? Cowen said in a video that he flagged the Q4 risk all year, while stressing it was never guaranteed. He points to 2018, when he says stocks fell 23% late in the year. In 2022, he says, another drop of about 23% began in the third quarter.

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