
The stock market undoubtedly is on the backfoot, with multiple risks clouding the outlook for the near- to medium-term. Analysts are not very optimistic about a reversal anytime soon despite the oversold conditions.
Loup Funds co-founder and prominent Apple, Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA) analyst Gene Munster echoed a similar sentiment in a tweet on Monday.