Reported about 1 month ago
Major stock indexes closed lower after an August jobs report underperformed expectations. Dan Eye, chief investment officer at Fort Pitt Capital Group, believes this sell-off was due to markets adjusting too quickly after recent gains. He assures investors that we are in the last phase of normalization and anticipates future earnings growth beyond the tech sector, particularly in healthcare and industrials. Eye suggests a solid market backdrop is likely heading into 2025 if economic conditions remain stable.
Source: YAHOO