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"Liquidation Day": Why markets are bracing for a sharp downturn, according to a strategist [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Watch the interview above and check out the transcript below, which has been lightly edited for length and clarity. KRISTEN SCHOLER (KS): Joining me is our resident expert and friend of the show, Jay Woods. He's a chief global strategist at Freedom Capital Markets. Jay, always good to have you, especially on a day like today. And as we prepare for this open, what do our viewers need to know? JAY WOODS (JW): Take a deep breath. It's could be a very bumpy ride today. Yesterday, liberation day. Today looks like liquidation day. We are seeing things in the red across the board. I was looking at where the safe havens and even gold is down as we enter this day. So we'll see how it goes as the day progresses. But as a technician, we are gapping lower. We're gapping below 5,500 in the S&P. We did that on Monday. We got below that level and then we quickly recaptured it. It does not have the feel like we're about to recapture it this time and it could lead to a more drastic sell-off. So w
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