The bull market is 'in trouble,' more selling to come: BNY Mellon [CNBC]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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bnymellon.com/us/en/investor-relations/index.jsp
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Source: CNBC
show chapters The bull market is in trouble, strategist Alicia Levine told CNBC on Monday. U.S. stocks continued to fall on Monday, with large tech stocks leading the way down. The action came after equities posted sharp weekly losses on Friday. There is probably another leg down from here, said Levine, chief investment strategist at BNY Mellon. The firm has $1.8 trillion of assets under management. If it can hold the low levels of 2018 then you could move higher, but right now we just see a very messy and unsatisfying market, she told Power Lunch . The S&P 500 hit its 52-week low of 2,532.69 during the February sell-off. Mathieu Belanger | Getty Images Levine pointed out that large-cap tech names, which drove the market higher, became 25 percent of the S&P 500 in August. Now with those stocks dropping, the index needs the other 75 percent to carry it. It's a math problem. It's very hard to get that kind of pe
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