After taking a late-summer breather, US stocks will reach new all-time highs by year’s end, according to the chief global investment strategist at Ned Davis Research.
Tim Hayes, who’s been in markets for over 39 years, is encouraged by the S&P 500’s brief 4% pullback. The index had soared for two and a half months heading into August, and investors were starting to get overly optimistic.
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