Markets sold off Tuesday after a spike in yields hammered tech stocks.
Here’s what five experts have to say about stocks now.
Tom Lee, Fundstrat’s head of research, said the noise out of Washington, D.C., that contributed to investor nerves was not a deal breaker for markets.
“I know investors don’t like when there’s policy turmoil in Washington, but anybody just needs to look at the last 30, 50, 100 years, and then realize when Washington plays tough, that’s not a time to panic on stocks .… I don’t want to sort of say it’s a guarantee but it’s almost always been a great buying opportunity. So, I think that there’s been a lot of damage done to the growth and the tech trade and the S&P technicals but to me, this just seems like a precursor to a consolidation before a big move higher.”
Stephen Weiss, founder of Short Hills Capital Partners, is at a loss to find many positives in this market right now.
“My view in the market has been…