S&P 500 Ripe for Pullback Though Long-Term Outlook Still Favors Stocks, Says Expert
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The S&P 500 (SPY) has rallied considerably in recent months and seems ripe for a pullback or correction.
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There are not clear signs of a looming bear market, but also not much reason for stocks to press significantly higher with Fed rate cuts being pushed further out.
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The Fed's March 20 rate decision and projections will be key for clues on timing of potential rate cuts. Markets may need to temper June cut expectations.
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Healthy growing companies attractively priced per the POWR Ratings system remain good investments amid uncertainty.
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