Reported 1 day ago
U.S. stocks retreat after a rally spurred by President-elect Trump's reelection, influenced by escalating geopolitical tensions in the Russia-Ukraine conflict. Equity strategist Drew Pettit views this pullback as beneficial, allowing for renewed investment opportunities in industrials, consumer stocks, and cyclical trades, indicating that the previous market enthusiasm may have been overly stretched. He emphasizes this downturn as a chance to buy back into promising sectors, particularly in communication services.
Source: YAHOO