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Chris Toomey predicts a 5 to 10 percent market pullback, especially since we haven't had one since October. The top 10 companies are seeing major earnings growth while the rest of the market stagnates, which isn't healthy. Toomey expects a market correction during earnings season, with investors rotating away from top performers. The bottom 20 percent of consumers are struggling, and rising interest rates will hurt the economy more. Increased fiscal deficit and bond issuance will lead to higher interest rates and lower GDP, causing a pullback in stocks. #SPY #SPX #DIA #QQQ #NDQ #NDX #IWM #TLT #Stockmarket #Stocks #investing #fintok #finance #investing #invest #investor #wallstreet #macro #bullmarket #macroeconomics #economy #economics #financialnews #breakingnews
Duration: 107 sPosted : Wed, 26 Jun 2024 19:32:27Views
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