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Mark Luschini: US stocks oversold but adjustment not over, rebound depends on economic data
Summary: According to sources, Janney Montgomery Scott's Chief Investment Strategist Mark Luschini stated that the US stock market adjustment that began in late October does not appear to be fully complete. The market is currently oversold, creating conditions for a technical rebound, but upcoming economic data will be a decisive factor. Data that may impact Fed ...
According to sources, Janney Montgomery Scott's Chief Investment Strategist Mark Luschini stated that the US stock market adjustment that began in late October does not appear to be fully complete. The market is currently oversold, creating conditions for a technical rebound, but upcoming economic data will be a decisive factor. Data that may impact Fed rate cut expectations will determine the strength of the rebound or whether a deeper pullback is needed to attract buyers.
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Link: Mark Luschini: US stocks oversold but adjustment not over, rebound depends on economic data [Copy]
