"Wall Street Braces for Imminent Stock Market Correction Amid Clear Warning Signs"
TL;DR
Fundstrat's Tom Lee, a bullish equity strategist, warns that a stock market correction is imminent after the S&P 500's 21% rally over 14 weeks, citing historical patterns and potential concerns over the Federal Reserve's interest rate cuts. Lee expects a 7% decline, sending the S&P 500 to about 4,600, but maintains a bullish view for 2024, predicting a rise to a range of 5,200 to 5,400.
- One of Wall Street's most bullish strategists says a stock market correction is imminent Yahoo Finance
- The Warning Signs In The Stock Market Are Clear And Present (SP500) Seeking Alpha
- Wall Street heads into the week ahead worrying the rally to record highs is running out of steam CNBC
- The Stock Market May Have Begun a Correction. Here Are the Signs. Barron's
- The stock market’s ‘bad breadth’ is making even stalwart bulls nervous MarketWatch
Want the full story? Read the original reporting
Read on Yahoo Finance