The commentator known as the “new stock god” said the broad U.S. equity retreat on June 4 does not change the market’s longer-term trend.
Serenity said the June 4 selloff across U.S. stocks appears to be a broad, routine market correction rather than a break in the larger trend. Responding to the day’s collective pullback in U.S. equities, the commentator known as the “new stock god” said the market’s long-term direction remains intact. In Serenity’s words, “In my view, this looks like a comprehensive normal correction. The overall long-term trend direction remains unchanged.”