Oddbean

It's going to be a long summer for the stock market ========== The stock market is predicted to have flat or negative returns in the coming months. Stocks are already expensive and unlikely to move higher. David Morrison, a market analyst, sees the benchmark index prone to multiple sharp corrections of at least 10%, ending the year around 4,500. Will McGough, the director of investments at Prime Capital Investment Advisors, predicts the S&P 500 to end the year flat to its current trading level. Both experts warn of obstacles in the back half of the year that will prevent stocks from moving higher, including a decent chance of recession and political volatility ahead of the presidential election in November. https://emeatribune.com/its-going-to-be-a-long-summer-for-the-stock-market/