Fund manager sends strong message about stocks after drop
A long-time manager with over 40 years of experience offers blunt words on stock market.
It's been a good time to own stocks. Actually, it's been a really good time to own them.
The S&P 500 notched back-to-back years of 20% plus returns in 2023 and 2024, and most analysts target more upside in 2025.
Will that happen? Maybe. But it won't be as easy as it was in 2023 and 2024. After all, the Wall Street rally was built on the back of a massive selloff caused by surging inflation and rising interest rates — a combo that made stocks relatively cheap.
