Youtube/Bloomberg/Peter Borish
- Stocks may slump as bonds gain ground and company profits are squeezed, Peter Borish says.
- A policy error like a government shutdown could tank the US economy, the veteran trader says.
- Borish advises retail investors to pocket some of their Big Tech gains and rejig their portfolios.
Stocks are set to drop, and a misstep by the federal government could trigger an economic catastrophe, Peter Borish has warned.
"Do I think that the S&P is likely to move down from here? Yes," the veteran trader said during an episode of the The Julia La Roche Show released this week.