In a recent interview on ‘Closing Bell,’ Lauren Goodwin, economist at New York Life Investments, and Marci McGregor, senior investment strategist for the chief investment office at Merrill and Bank of America Private Bank, shared their insights into the current market environment and the potential for a rally resumption.
Goodwin noted that the recent market rally has been driven by a number of factors, including positive earnings reports and expectations of continued economic growth. She cautioned, however, that the rally could be vulnerable to a number of risks, including rising interest rates, geopolitical tensions, and trade disputes.
McGregor agreed with Goodwin’s assessment of the risks to the rally. She added that the Federal Reserve’s recent decision to raise interest rates could also weigh on the market. However, she expressed optimism that the rally could resume once the market has digested the Fed’s decision and investors gain a clearer sense of the economic outlook.
Both Goodwin and McGregor emphasized the importance of diversification and long-term investing. They advised investors to stay focused on their financial goals and not panic if the market experiences a downturn.
Overall, Goodwin and McGregor provided a balanced and thoughtful perspective on the current market landscape. While they acknowledged the risks to the recent rally, they also expressed optimism that the rally could resume once the market has digested the Fed’s recent decision and investors gain a clearer sense of the economic outlook.
