Reported about 23 hours ago
Oppenheimer Asset Management's chief investment strategist, John Stoltzfus, describes the recent market downturn as a 'tantrum' in reaction to the Federal Reserve's forecast of only two rate cuts, despite their bullish S&P 500 target of 7,100 for 2025. He believes markets are adjusting to a normalizing of interest rates following high inflation, noting that the fundamentals remain strong and express optimism about the economy's resilience.
Source: YAHOO