Market bull Art Hogan is looking beyond the trading week’s rough start.
The National Securities chief market strategist expects the violent moves will set the stage for a massive comeback that will prompt him to hike his S&P 500 year-end target.
The Dow saw its worst day on Monday on jitters associated with Covid-19 Delta variant risks. The S&P 500 and tech-heavy Nasdaq saw their biggest drops since May. Plus, the benchmark 10-year Treasury Note yield slid to 1.17%, a five-month low.
“This is a blip on the radar…