How Low Will the Stock Market Go?
The stock market had a mixed week, with conflicting signals coming from the big benchmarks. It’s not surprising that an extended market has chosen the traditionally weak stretch of the summer to consolidate its gains. The question now is, “How low do we go?” According to Sam Stovall at CFRA, the S&P 500 could surrender a total of 5% to 12% before resuming the bull-market advance.
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