Don’t expect a ‘hot vax summer’ for stocks: strategist
- Date: 09-Jun-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Don’t expect a ‘hot vax summer’ for stocks: strategist
Stocks are grinding higher, with the S&P 500 (^GSPC) approaching record highs and the Nasdaq Composite (^IXIC) at the highest level in one month. But one Wall Street strategist is warning investors that the "hot vax summer" for stocks "might feel a little cold and rocky."
Callie Cox, senior investment strategist at Ally Invest, explained on Yahoo Finance Live that the summer is a historically weak period for stocks. Volume typically trails off as investors leave the office and hit the roads.