Purves: SPX Can Fall Below 5,000 Without Recession, Hinges on Earnings Growth
Schwab Network · Schwab Network
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Show Notes
Michael Purves says the market's V-shaped recovery off April lows "confounded" him. Even though the SPX is inching back toward its all-time high, he sees the index just as easily falling back below 5,000 if earnings growth doesn't meet Wall Street estimates. That said, Michael expects that dip to be a buying opportunity. He also analyzes moves in treasuries and the U.S. dollar and why their correlation isn't binary like many investors believe.
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