Markets fell on Thursday.
The S&P 500 fell 0.8 percent, the STOXX Europe 600 fell 1.1 percent and the Nikkei 225 fell 0.6 percent.
“We’ve had really strong data and commentary from Fed officials, which is bullish for equities, but that comes with the side effect of having people think we should expect more inflation and interest-rate increases, which in turn is a negative for equities,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab.
Still, Nikolaos Panigirtzoglou, a strategist at JPMorgan Chase, is maintaining his bullish view on equities. “We still recommend investors to be overall overweight equities vs bonds,” he said.
However, Hayes Martin, president of Market Extremes, thinks that the US stock market is headed for a decline in the range of 8 to 13 percent.
Meanwhile, James Berman, president and founder of JBGlobal.com LLC, thinks that the US stock market is now “dangerously overvalued” and that it is time to switch to emerging markets.
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