Fundstrat’s Tom Lee says investors should brace for a correction.Cindy Ord/Getty Images A stock market correction appears imminent after the S&P 500 rallied 21% over a period of 14 weeks, according to Fundstrat’s Tom Lee. Lee still maintains a bullish view on stocks for 2024, but said history suggests the market is about to reach […]
With the S&P 500 (^GSPC) closing at a record high this week, a debate on Wall Street has predictably broken out over whether stocks are overvalued. But multiple strategists told Yahoo Finance this week that market history shows these fears are ultimately misplaced. “When we look at the relationship between the market’s multiple and forward […]
(Bloomberg) — A bull run in Treasuries will resume after its current “rest,” according to strategists at JPMorgan Chase & Co. Most Read from Bloomberg The 10-year yield is likely to rise from its current level of about 4% amid trend-following and discretionary selling pressure, before retreating amid a “budding longer-term bull market,” Marko Kolanovic, […]
ATLANTA (AP) — Some top Democrats are worried that a dip in Black voter turnout, along with other challenges, could doom President Joe Biden and his party in 2024. A group of Democrats is offering a new analysis of the most recent campaigns in Georgia and Michigan, pitching those battlegrounds as models for drawing in […]