$ATHENA BITCOIN GLOBAL(ABIT)$

The stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research.

The Wall Street veteran pointed to the strong performance of stocks so far this year, with the S&P 500 up 15% in 2024. However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.

Inflation is declining but is still above the Federal Reserve's 2% target, leading central bankers to project just one rate cut by the end of the year.

Higher rates have triggered the longest-ever inversion of the 2-10 Treasury yield curve, the bond market's famous gauge of a coming recession. The indicator, which flashes when the 2-year yield surpasses the 10-year yield, has been a reliable recession signal throughout history, and economists have said that this time likely won't be different.

Will Broader Market Recover or Pullback This Week?

This year, the U.S. stock market has hit new highs on over 20 days. Investors have been living in constant fear of FOMO amid the continuous rise. The market plummeted, and star stocks pulled back last week. Some investors have shifted from buying calls to buying puts. ---------------------- Is the long-awaited market correction finally here? Or is this just a minor adjustment before the next leg up? Will you hedge the portfolio risk? Will the stock market rebound this week?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.\nInflation is declining but is still above the Federal Reserve's 2% target, leading central bankers to project just one rate cut by the end of the year.\nHigher rates have triggered the longest-ever inversion of the 2-10 Treasury yield curve, the bond market's famous gauge of a coming recession. 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However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.\nInflation is declining but is still above the Federal Reserve's 2% target, leading central bankers to project just one rate cut by the end of the year.\nHigher rates have triggered the longest-ever inversion of the 2-10 Treasury yield curve, the bond market's famous gauge of a coming recession. The indicator, which flashes when the 2-year yield surpasses the 10-year yield, has been a reliable recession signal throughout history, and economists have said that this time likely won't be different.</body></html>","text":"$ATHENA BITCOIN GLOBAL(ABIT)$ The stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research. The Wall Street veteran pointed to the strong performance of stocks so far this year, with the S&P 500 up 15% in 2024. However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations. Inflation is declining but is still above the Federal Reserve's 2% target, leading central bankers to project just one rate cut by the end of the year. Higher rates have triggered the longest-ever inversion of the 2-10 Treasury yield curve, the bond market's famous gauge of a coming recession. 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