The stock market is ‘vulnerable to good news’ and a 10% to 12% rally, says this strategist
Accentuate the positive, they say. And why not, as we cruise into Monday with stocks pointing higher amid hopes for easing U.S. tariffs on China.
Granted, optimism is a tall order these days, with the U.S. economy slowing, COVID not done yet (let’s hope monkeypox passes fast) and Russian boots still on the ground in Ukraine. As the S&P 500 index SPX teeters perilously close to a bear market, investors remain understandably torn between buying the dip and selling the rip.