Stock Market Forecast: I Know First Forecasts Biggest Drop in Two Years

Stock Market Forecast This article was written by Graham Ellinson, a Financial Analyst at I Know First currently studying Mathematics at Northumbria University Newcastle.


There are clouds on the horizon. Growth has proven to be less balanced than we had hoped” - IMF Chief Economist Maurice Obstfeld

Summary

  • S&P 500 and other global indexes have taken a significant tumble in recent days
  • Recent blows in the U.S. China trade war result in both parties losing out
  • I Know First correctly forecasted this market drop across  global indexes
The S&P 500-stock index fell 3.3 percent, registering its fifth consecutive daily decline. This is the longest string of down days for the S&P 500, the market’s benchmark, since November 2016. Similarly, the Dow tumbled 3.15%, or 831.83 points. This is clearly not an isolated phenomenon with Asian markets performing even worse. The Chinese benchmark equity gauge closed 5.2 percent lower and in London the FTSE 100 index was down 3.81%, a seven-month low.

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