’12-17%’ Market Pullback in the Cards; Looking at REITs, Oil, DE & More
Schwab Network · Schwab Network
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Show Notes
“The pullback has to happen” for a healthy market, Steve E. Orr insists. Stagflation is here, he argues: “this is a very weird time to be in.” He expects 12-17% correction in the next few months, but notes a substantial amount still in money markets that could enter stocks. If a fall happens, he would “absolutely” be buying the dip. He likes REITs, oil companies, and Deere (DE) on the expectation of the government supporting agribusiness soon. He’s concerned about a budget crisis and government shutdown at the end of this month.
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