The investment strategist that nailed the stock market bottom in mid-June sees reason for turning cautious. Truist co-CIO Keith Lerner told Insider that risks are skewed to the downside as the S&P 500 runs into technical resistance. "What's holding us back is central bank tightening and that valuations are not that compelling," Lerner said. AdvertisementNavigating the ups and downs of the stock market is no easy task, especially amid a bear market that has already seen three separate rallies of as much as 10% that ultimately failed and led to lower lows. For now, it's probably another head-fake rally as the risk-reward profile of the stock market slightly favors the downside, according to Lerner.

Source: Economic Times August 07, 2022 21:04 UTC