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Hold On, Stocks are Going Higher
GOOGLAlphabet(GOOGL) Zacks Investment Research·2024-05-09 19:40

Just a couple of weeks ago investors were fearing the worst. Inflation was coming in hot, interest rates cuts were off the table, and analysts were shouting about stagflation. Now just a few days later, broad equity indexes are again approaching all-time highs.All it took as a measly -6% selloff in the S&P 500 to start scaring investors out of positions in good stocks. When small pullbacks like the one at the end of April are met with vigorous buying like we saw these last couple weeks, you know the bull ma ...