Market expert Gareth Soloway is predicting a significant downturn for stocks and cryptocurrencies in the near term. He cites troubling technical indicators and macroeconomic factors that signal a shift to a more bearish outlook. Soloway points to the breakdown of key trend lines in major indices like the NASDAQ 100 and the S&P 500 as evidence of a major trend change. He also predicts a downward trajectory for Bitcoin, attributing its decline to its correlation with risk-off sentiment in equities. Soloway warns of a potential repeat of past corrections or a deeper bear market. He attributes the broader market downturn to weakening economic data and additional pressures such as inflation, tariffs, and government spending cuts. Consequently, he advises investors to turn to defensive stocks for stability and dividends.



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