Reported 2 months ago
Stifel's Chief Strategist Barry Bannister warns investors to be cautious despite a recent stock market rebound, citing concerns of a potential recession and sticky inflation that could lead to a significant market correction. He anticipates a 10% pullback, projecting the S&P 500 to hit 5,000 by October as the Federal Reserve's 2% inflation target remains unrealistic.
Source: YAHOO