The stock market risks keeping Wall Street’s biggest bulls up at night

From Yahoo Finance: 2024-09-14 16:31:02

Despite the S&P 500 trading near record highs, bullish stock strategists are concerned about geopolitical tensions, a market melt-up scenario, and Fed policy. Economists worried about a cooling labor market and potential recession have been proven wrong so far. BMO’s Brian Belski is cautious about overly bullish sentiment leading to a sharp market pullback. Yardeni Research’s Eric Wallerstein warns of rising geopolitical tensions and a potential market melt-up. Carson Group’s Sonu Varghese remains cautious due to potential Fed policy mistakes and a weakening labor market. Despite the concerns, all three strategists maintain a bullish stance on stocks.



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