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CNBC News Associate
The markets will get a larger correction through the summer, said Sean Clark, CIO at Clark Capital Management.
“I think this is more of a pause that refreshes instead of a market that’s in the process of rolling over,” Clark told CNBC. “We’re up 40 percent off the lows – we’ve only had two 5 percent corrections along the way in 3 months...I am in the “buy the dips” camp right now. I think we’re in a cyclical bull that extends well into the end of this year.”
Clark said he expects to see investors who had missed the lows in March, to rush back into the markets once the pullback happens.
Recommendation:
Small Cap Stocks
Disclosure:
No immediate information was available for Clark or his firm.
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CNBC's Companies in the News:
USBancorp [USB
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Wells Fargo [WFC
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Research in Motion [RIMM
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Disney [DIS
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