As conflict between Russia and Ukraine continues to send shock waves through the markets, many investors may be questioning what, if anything, they should do next.
5 things need to happen before the market turns around
Around the pandemic lows in 2020, I wrote that even though the virus will get worse, “it doesn’t mean the stock market has to go lower.” I remained bullish throughout the strong run but turned cautious in mid-December 2021 for two main reasons: The market technicals were breaking down and the Fed became increasingly hawkish. I’ve been defensive since then and maintained a high cash position for my clients.
Whether or not a bottom is in, here’s what will ride to the stock market’s rescue over 12 months, one strategist forecasts
So, is this it? After the powerful 2.6% rebound for the S&P 500 SPX, +2.57% on Wednesday, is the bottom in?