'A textbook recession-recovery trade': 3 Wall Street stock-strategy titans explain why the market's latest plunge is actually 'healthy' — and share their views for what's next
Now, with the market trading about 7% lower on the week, the real questions are: Is this the start of something bigger or just another garden-variety pullback? Will markets retest the March lows or should investors buy the dip? After all, a dreadedWith so much uncertainty prevalent in the marketplace, Business Insider asked three industry titans to weigh in on the matter.
"Any signs that that recovery could be slowing or hitting any setbacks could mean a pullback — and that's what we're seeing in recent days. "I think the bigger risk for investors might be that they're expecting a further rebound in the wrong stocks — in the leaders of the last cycle — rather than expecting new leadership for this new cycle.""When I look back at the move off the March 23 lows, I think it's been — in a lot of ways — a textbook recession-recovery trade ... both in terms of what's worked, and in terms of the magnitude of the move.
"I think it's really healthy. Markets can't be one-sided, and I think the narrative — even if someone's bullish — you run out of fuel if the markets go up without really supporting evidence.
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