Stocks Are in First Leg of a Pronounced Sell-Off, Cantor's Cecchini Says

The transcript discusses the current market sell-off, with the NASDAQ down 4% and the S&P down 3.5%. It explores whether this is a time to invest or hold back. The speaker suggests a tactical approach, noting the potential for a market bounce at 3200. Despite no earnings growth in 2019 and high market multiples, the speaker remains cautious. The outlook for small caps is similar, with negative earnings growth last year. The speaker anticipates a more pronounced sell-off but acknowledges potential market fluctuations.

What percentage did the NASDAQ drop according to the speaker?

• 6%

• 3%

• 4%

• 5%

What market level does the speaker suggest could be ripe for a bounce?

• 3500

• 3000

• 3200

• 2900

Since when has the speaker been cautious about the market?

• 2900

• 2800

• 3100

• 3000

What was the earnings growth for small caps in 2019 according to the speaker?

• Positive 10%

• Negative 5%

• Negative 14-15%

• Zero growth

What does the speaker predict about the market's future movement?

• A more pronounced sell-off

• A quick recovery

• Stability with no changes

• A steady rise