The buying opportunity of a lifetime is coming. But not before a 40% drop for the S&P 500, says this strategist. - MarketWatch
1. Fed independence and U.S.-China trade concerns are easing. 2. Kee's indicator suggests ongoing risks and possible market drops. 3. S&P 500 valuations require adjustment for true market risk. 4. Potential for a 40% drop if fair value is reconsidered. 5. Kee advocates for a strategy alternating between cash and SPY.