Bull Market Not Over But Watch for Possible Double-Dip, Says Craig Johnson

Jan 4 – Piper Jaffray’s Senior Technical Strategist Craig “Bullseye” Johnson, who accurately predicted the late-2018 correction, provides his outlook for 2019 on Financial Sense Newshour. Craig says the December 2018 low was a great buying opportunity and that we are now experiencing a “relief rally” that, he believes, will ultimately give way to another correction and double-bottom low. Craig does not think this is the end of the bull market however and explains the areas he’s looking to buy, what he expects from the Fed, and his methodology for trading the market. Craig Johnson is one of the most consistently accurate market technicians and strategists on Financial Sense Newshour.

Next, we get an update and forecast on the U.S. housing market with CoreLogic’s Chief Economist Dr. Frank Nothaft on the significant deceleration in housing prices in 2018 and whether that’s going to continue into 2019 and beyond. Dr. Nothaft discusses the outlook for mortgage rates, increasing monthly interest payments, influence from Fed monetary policy and whether it’s a good time to buy or sell depending on whether you are a first-time home buyer or wanting to sell your current house.