Russ Koesterich, senior portfolio manager at Barclays Global Investors, told CNBC’s “Closing Bell” that the equities market needs a “catalyst” to move significantly higher.
“I think we’re coming up against those early winter highs and it’s not going to be that easy to get through them,” Koesterich said Monday. “We need a catalyst. To me, the next catalyst is probably going to be the inflation report coming out next week. We need to start to see core inflation pulling back.”