Stock market outlook: Q4 rally is in the cards, strategist says
Although there has been volatility in the market, there may be a chance for stocks to rally after an interest rate cut from the Federal Reserve. Should investors prepare for the best or the worst?
Truist Co-chief Investment Officer & Chief Market Strategist Keith Lerner joins Market Domination Overtime to give insight into the recent movements in the market and what investors need to know moving forward.
"I think everyone knows that September is a weak period historically... And then the other thing is you get into October in an election year, you tend to see a spike in volatility as anxiety builds up ahead of the results. And then after you get on the other side of the election, typically you have a relief rally and a sigh of relief," says Lerner
He continues with: "So I guess the way I would think about this is we still think the primary trend for the market is higher, at this point, we're sticking with that. We would look at pullbacks as an opportunity to add for that, because we still think the probabilities still support a fourth quarter rally."
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