Veytics Intelligence
2026-11-06 · Seekingalpha

Post-waterfall recovery needs 1-month recovery window - Nomura's McElligott

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[Close Up Image Of A Stock Market Graph] solarseven/iStock via Getty Images Investors face continued market "chop" for the next two weeks to one month before a cleaner recovery path emerges following a violent cross-asset liquidation shock this week, according to Nomura strategist Charlie McElligott. With year-end profit-and-loss pain creating "shell-shock" and slower-moving institutional sellers still working through positions, McElligott advised cash-rich investors with performance runway to look for tactical entry points in battered sectors and potential re-ratings in hyperscalers (MSFT [https://seekingalpha.com/symbol/MSFT]) (META [https://seekingalpha.com/symbol/META]) (AMZN [https://seekingalpha.com/symbol/AMZN]) (GOOG [https://seekingalpha.

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