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Why We Are Still in a Bear Market?

Dan Niles Explains.

Hedge fund manager Dan Niles believes U.S stocks are in a bear market and could still see further volatility ahead — and he isn't the only one. U.S. stocks have endured a torrid sell-off this year amid a troubling macro backdrop and an increasingly negative corporate outlook.

 

Even as the S&P 500 rallied last Friday to snap a seven-week losing streak, Niles believes the rebound is “nothing but a bear market rally.”

 

Steep losses across the indices led many market watchers to believe the sell-off has presented an opportunity to buy the dip. However, Niles still sees more pain ahead for tech stocks with the exception of one group. 

 

Subscribe to read the latest from CNBC Pro to see how Dan Niles plans to trade this bear market.

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