Reported 4 days ago
Veteran fund manager Doug Kass, who predicted April's stock market rally, has provided an updated outlook on the S&P 500, expressing caution over rising economic uncertainties and elevated stock valuations. While the index surged 20% following a significant market downturn, Kass warns of potential downside risk due to sluggish economic growth and stubborn inflation, suggesting a possible decline of 10%-15% compared to a limited upside of less than 5%.
Source: YAHOO