' Scott Rubner's words, "positioning and sentiment … is Euphoric.") But Kolanovic is skeptical that hoped-for outcome will happen. Instead, the bank "anticipat[es] the inflation decline to prove incomplete, leaving restrictive policies in place that should increase private sector vulnerabilities and end the global expansion," Kolanovic wrote.
It's a warning echoed by Adam Phillips, managing director at EP Wealth Advisors. "We've seen progress, that's all well and good, but let's not celebrate just yet," he said, pointing out that gas prices are at monthlong highs, which might cause prices to rise again. Even Rubner, not a typical market bear, acknowledged the inescapable pull of gravity. "I am so bullish, that I am actually bearish now for August. I am looking for a small-ish equity market correction in August," he said in a Monday note.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Stock market news today: Indexes open new month lowerUS stocks fall to begin new month after big rally in July
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »