Stocks Up, Still Cautious
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bull marketsInsider
•Don't rush back into the stock market as more pain is coming if the economy keeps slowing, Stifel chief strategist says
79% Informative
Stifel's Barry Bannister said the Fed 's 2% inflation goal is "just a pipe dream" with housing expected to rebound.
He reiterated his expectation for a 10% market correction to push the S&P 500 to 5,000 by October .
Weak GDP, consumption, fixed asset investment and net export data don't bode well for the economy, he said.
VR Score
81
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79
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semi-formal
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English
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40
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