equity strategist: And while the S&P 500 index SPX, 0.96% and Nasdaq Composite COMP, 1.58% hit fresh records, fewer stocks are participating, according to Market Watch. This combination investor complacency plus narrowing market breadth often shows up ahead of a nice pullback. Sentiment is getting rich which sets the market up for a pullback in the contrarian sense. Plus we are moving into the seasonally more volatile time of the year. He's not forecasting a bear market. If we don't see a pullback, at best we could see limited upside from here because all the good news may be priced in to the market, cautions Robert Doll, chief equity strategist and senior portfolio manager at Nuveen.
(news.financializer.com). As
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