By: Jeff Buchbinder, CFA, Equity Strategist, LPL Financial & Ryan Detrick, CMT, Chief Market Strategist, LPL Financial
After a tough start for stocks in 2022, investors are looking for reasons to expect a rebound. After more than doubling off the pandemic lows in March 2020, without anything more than a 5% pullback in 2021, stocks probably needed a break. That doesn’t, however, make this dip feel much more comfortable. Here we cite some reasons we don’t expect this selloff to go a lot further, though a 10% drawdown in the S&P 500 seems reasonable to expect.
Read the full commentary here: weekly-market-commentary-1.24.2022