Finance

Market trend suggests weak start to year’s second half: Ally Invest

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Despite an upbeat market forecast for the year’s second half, Ally Invest’s Lindsey Bell has a warning for the next few months.

Bell finds the third quarter is usually the weakest time of the year, up 0.7% on average since 1950.

However, she suggests it’s no reason to get discouraged.

“The fourth quarter is where you usually see the pickup,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday.

Her forecast comes with the S&P 500 ending 2021’s first half at all-time highs. So far this year, it’s up more than 14%. Plus, the index is on a five-month win streak.

What could spook the market near term? Bell says headline risks…



Source cnbc.com

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