Salient to Investors:
Jeffrey Kleintop at LPL Financial said:
- One year or more of gains lie ahead for US stocks if history is any guide. This bull market is the 7th to last at least four years since World War II, 4 of which ran for 5 years or more, and the fifth year produced a 22 percent average gain for the S&P 500 Index.
- The bull market will continue, though the S&P 500 is overdue for a drop of 5 percent or more. Pullbacks help sustain the bull market and provide opportunities for investors to put money to work at a discount.
Free email alerts of articles as soon as they are posted.
Jeffrey Kleintop, LPL Financial Corp.’s chief market strategist.