The U.S. stock market may be facing a tough period, but the "long bull trend" remains unchanged

Zhitong
2024.08.19 02:20
portai
I'm PortAI, I can summarize articles.

The global macro research director at Fidelity Investments pointed out that the U.S. stock market is currently experiencing a seasonal difficult period. Despite concerns about selling pressure and economic recession, the overall bullish trend still exists. He expects this period of instability to continue until October and believes that U.S. stock profit growth is accelerating, with a decrease in funding costs. As long as it is not in the early stages of an economic recession, the outlook for common stocks remains optimistic. He noted that the U.S. stock market has risen by 61% in the past 22 months, indicating that the bull market still has potential