Traders on the floor of the New York Stock Exchange.
Source: NYSE
Despite a bullish backdrop for stocks, history shows the market may be overdue for a pullback, according to CFRA.
The economy continues to rebound from the pandemic, the Federal Reserve is sticking with its easy policies, interest rates remain low, and investors appear to be dismissing inflation as a threat. The S&P 500 is closing out the first half of the year with a 14% gain.
However, based on historical data from CFRA, the current market backdrop appears ripe for a downturn.
