Stovall: Fed & Valuations Triggered Pullback, Expecting Better December

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Stovall: Fed & Valuations Triggered Pullback, Expecting Better December

Schwab Network

6 minutes 33 seconds

1 day ago

Stovall: Fed & Valuations Triggered Pullback, Expecting Better December

Sam Stovall is surprised by the market pullback but, citing historical trends, thinks December could “see an improvement.” He argues the Fed and valuations are the two reasons the market is experiencing weakness: valuations “made the market vulnerable” and the trigger is concerns the Fed won’t cut rates in December. Sam also previews Nvidia (NVDA) earnings and explains what he’s watching for in the report.

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