Markets seeing needed correction, says 3Fourteen's Warren Pies

Breakdown

• The market is experiencing a significant correction after a long period without major pullbacks. 18s
• This is the seventh longest streak without a 3% S&P 500 pullback since the 1950s. 32s
• Renewed US-China trade tensions and potential new tariffs are seen as a key catalyst for the downturn. 1m 33s
• Pies recommends keeping full equity positions but overweighting bonds, particularly with longer durations. 2m 25s
• He views the correction as a healthy sentiment reset and expects markets to stabilize after this period. 3m 14s