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

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 ]