US stocks are showing "irrational prosperity"! Strategists warn: there is no short-term upside catalyst, and there may be a moderate pullback in the second half of the year

US stocks are showing "irrational prosperity"! Strategists warn: there is no short-term upside catalyst, and there may be a moderate pullback in the second half of the year. Megan Horneman, Chief Investment Officer of investment advisory firm Verdence Capital Advisors, stated that in the short term, the market lacks "upside catalysts" and is more influenced by negative factors. She believes that the market has already digested too many interest rate cut factors and is surprised by Chairman Powell's hawkish stance. She holds a cautious outlook on the market, unable to see any upside catalysts, and is concerned about the emergence of downside catalysts. She recommends increasing holdings in market value stocks and cash to take advantage of market pullbacks. There may be a moderate pullback this year, especially in the second half