Don’t expect a ‘hot vax summer’ for stocks: strategist

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceDon’t expect a ‘hot vax summer’ for stocks: strategistJared BlikreJune 8, 2021, 9:56 AM·3 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

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. 

“[W]e could see lower volume in the stock market.

And lower volume typically leads...read more...