Russell Investments’ Doug Gordon blames uncertainty for the stock market downturn.
Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year.
Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U. S.-China trade war and Federal Reserve policy for the violent market swings.
“The first and fundamental question: Is this a correction or is this the start of the bear market? While you can certainly see a path that could get us to a bear market, I think it’s more of a messy correction,” he told CNBC’s ” Trading Nation ” on Friday. “We could go a little deeper.”
Gordon’s comments came as the major indexes got hammered. The Dow, S&P 500 and Nasdaq saw their worst weekly performance since last March.
