Travel and Leisure Travel and Leisure

The bull market is still intact, this strategist says. This pullback is just the cost of doing business.


Published on 2025-01-13 07:01:02 - MarketWatch
  Print publication without navigation

  • However, according to Keith Lerner, chief market strategist at Truist Advisory Services, such pullbacks may be uncomfortable "but are the admission price to the market."

The article from MarketWatch discusses the perspective of Tom Lee, co-founder of Fundstrat Global Advisors, on the current state of the stock market. Despite recent market volatility and a significant pullback, Lee remains optimistic, asserting that the bull market is still intact. He describes the current market conditions as a normal "cost of doing business," suggesting that such pullbacks are typical within a broader bullish trend. Lee points out that the S&P 500 has not yet entered a bear market, defined as a 20% drop from its peak, and he believes that the market's fundamentals remain strong. He attributes the recent declines to profit-taking after a strong run-up in stock prices and advises investors to view these dips as buying opportunities, especially in sectors like technology which have been hit hard recently.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/the-bull-market-is-still-intact-this-strategist-says-this-pullback-is-just-the-cost-of-doing-business-fde1ed01 ]