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Podcast: Money Life with Chuck Jaffe
Episode: Strategist McDonald says a 10-20% selloff is about to start
Description: Lawrence McDonald, creator of The Bear Traps Report, says that as "tertiary assets" like meme stocks and momentum plays have started to break down in the last week, it's a sign that volatility will pick up and that the market is "coming into a 10 to 20 percent pullback in the next month to month and a half." McDonald says that the selloff will be part of a rotation, that the market broadly can recover but with new leadership. He is worried about the potential for the Federal Reserve to start cutting rates before inflation has been killed off, which he s...