Stocks are vulnerable to a near-term pullback as the market overestimates a 2021 recovery, CFRA says

Financial world news, market analysis, investment scam prevention tips and more ✔️ Learn all there is to know about the asset management industry. This magazine is crafted specifically for those who are interested in diving into the global asset management world. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid/ReutersInvestors should brace for a near-term pullback in the first quarter of 2021, according to CFRA's Sam Stovall.  "Domestic equity markets appear to us to have over-discounted a second-half 2021 economic and EPS recovery...and as a result may be vulnerable to a Q1 pullback," the chief investment strategist said in a note to clients on Wednesday. Stovall also sees the S&P 500 reaching 4080 by the end of 2021, a 9.5% upside from current levels. Visit Business Insider's homepage for more stories. Investors should brace for a near-term pullback in the first quarter of 2021, according to CFRA's Sam Stovall.  Positive vaccine news has left many investors hopeful that the economy will reopen and recover during the summer of 2021. Stovall explained that the market now is showing signs that investors are overestimating a recovery in the economy and earnings in the second half of 2021.  "Domestic equity markets appear to us to have over-discounted a second-half 2021 economic and EPS recovery...and as a result may be vulnerable to a Q1 pullback," the chief To keep reading about Stocks are vulnerable to a near-term pullback as the market overestimates a 2021 recovery, CFRA says, Click on the link. Seoul, Korea
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