Stocks Drop with Industrial Metals, Euro; Treasuries Rise
U.S. equities began short-term declines in April during each of the last three years. The market may be due for a similar pullback this year because its advance since mid-November has been out of sync with weak earnings and slower economic growth.
Stocks need to pause as investors recognize that forward-looking estimates are too high and need to come down or we need to see a genuine improvement in the economy to justify where stocks are today.
To read Bloomberg’s complete article and see more details behind a second quarter pullback please CLICK HERE.
