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Find Out Why This Bear Thinks The S&P 500 Is Headed To 3,000; What He's Buying During The Downturn

Benzinga Real-time News · Sep 27, 2022 11:56

PENN -1.98% DIS -0.17% WMT +0.20% NFLX -0.73% LITE +1.90%

On Monday,Dan Niles, the founder of the Satori Fund, joined CNBC's 'Squawk Box' to discuss the current condition of the market.

What Happened:Niles called for the S&P 500 to reach a low of 3,000, which he noted that his fund has been saying this since May 2022.

Although Niles thinks the market is headed lower, the Satori Fund covered its short positions Monday and was likely to add to its long positions.

He mentioned that they went into the year thinking cash was the best investment for retail investors unless they can day-trade, and the Satori Fund is...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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