by Wallace Witkowski
Market Watch
It’s
becoming a drumbeat of investors wary of the big downturn: Traditional
“Sell in May” weakness coupled with the midterm year of a presidential
cycle makes the market fertile ground for a correction.
After all, stocks are creeping back up toward record highs during a historically vulnerable time for the market.
The latest comes from Stephen Suttmeier, technical research analyst at Bank of America Merrill Lynch, who points out there’s a more than 23% chance of the broader stock market shedding a fifth of its value sometime before October. Suttmeier notes:
Continue Reading at MarketWatch.com…
Please share this article
Market Watch
It’s
becoming a drumbeat of investors wary of the big downturn: Traditional
“Sell in May” weakness coupled with the midterm year of a presidential
cycle makes the market fertile ground for a correction.After all, stocks are creeping back up toward record highs during a historically vulnerable time for the market.
The latest comes from Stephen Suttmeier, technical research analyst at Bank of America Merrill Lynch, who points out there’s a more than 23% chance of the broader stock market shedding a fifth of its value sometime before October. Suttmeier notes:
Continue Reading at MarketWatch.com…
No comments:
Post a Comment