Reported 7 months ago
CFRA Research chief investment strategist, Sam Stovall, predicts that the markets are likely due for a 5% downturn in 2024 based on historical trends following strong market performances like those seen in the first quarter. Stovall raises concerns about market dynamics and recession fears, noting the importance of potential market resets and economic indicators. Although recent gains have been tech-driven, he questions the sustainability of this trend. Stovall also discusses valuation, market performance, and factors that could trigger a market decline in a comprehensive analysis of the market outlook.
Source: YAHOO