Investment Strategists Debate: Is The Correction Over?
A seesaw market Wednesday after the prior day's rally makes many wonder: is the February correction really over? Neil Donahoe, chief investment officer at SYM Financial Advisors and Michael Sheldon, chief market strategist at Spencer Clarke, joined Sue Herera on "Power Lunch" to give their market outlook.
Donahoe believes that the correction is over. “This is a resilient market,” he said. “This will be a choppy but positive year for the markets.”
However, Sheldon believes that the correction is not yet over. “There’s more to the correction in the weeks ahead before further upside.” Sheldon points out that markets are closer to the highs than the lows: “There are still some uncertainties, including upcoming earnings.”