) have achieved yet another record close on Wednesday, continuing their impressive bull market run. Amid this upward trajectory, veteran strategist Jim Paulsen offers his insights on the current market dynamics and future outlook.
Despite the bull market being two years old, Paulsen believes there's still a"fair amount" of runway left, citing a lack of"vulnerabilities" in the market. He particularly emphasizes the"slack in the labor market" as a factor that could allow for continued growth for some time. Not only in terms of how much the market rises, but how much its broad participation across a variety of names, from defensive stocks to tech stocks to cyclicals.We didn't get that in this poll because the fed has remained tight in this bull market until about two weeks ago.But now what we have is like the start of a bowl, the feds dropped funds, rates, bond yields have come down.
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