The bull market is still intact. This pullback is just the cost of doing business, says strategist

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The bull market is still intact. This pullback is just the cost of doing business, says strategist

^{Published on 2025-01-13 10:00:54 - MarketWatch}

Investors are starting the week still in a cautious mood. The S&P 500 SPX closed Friday 4.3% below its record closing high in early December. Surging Treasury yields amid revived inflation concerns seem to be taking much of the blame.

The article from MarketWatch discusses the perspective of Tom Lee, co-founder of Fundstrat Global Advisors, on the current state of the stock market. Despite recent market volatility and a significant pullback, Lee remains optimistic, asserting that the bull market is still intact. He describes the current market conditions as a normal "cost of doing business," suggesting that such pullbacks are typical within a broader bullish trend. Lee points out that the S&P 500 has not yet entered a bear market, defined as a 20% drop from its peak, and he believes that the market's fundamentals remain strong. He attributes the recent declines to profit-taking after a strong run-up in stock prices and advises investors to view these dips as buying opportunities, especially in sectors like technology which have been hit hard recently.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/the-bull-market-is-still-intact-this-strategist-says-this-pullback-is-just-the-cost-of-doing-business-fde1ed01 ]

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