1 Apr 2025 8:30 am
A troubling market correction fueled by economic anxiety will soon go the way of winter coats, says James Demmert, the investment chief at Main Street Research, which he founded in 1993.Blackvegetable » 01 Apr 2025, 8:13 am » wrote: ↑ I don't want to download the app to read it.
Who is the "strategist"?
Demmert, a longtime bull, is unfazed by this sell-off. Instead, he believes investors should buy the dip ahead of a roaring rebound where the S&P 500 vaults 27% from current levels to 7,050 by year's end.
It hasn't been the best quarter for sure, barely hanging onto a gain, .25%. We bumped our foreign equity investments to 30% from 20%. I have seen the news many are upping the probability of a recession to 35-40%.