Sam Stovall, Chief Investment Strategist at CFRA, discusses the market rebounding to 25,000 after it entered correction mode in early February.
Stovall notes that even though the market closed higher for five straight sessions, market turmoil isn't necessarily over yet. He says it's important to pay attention to inflation. Stovall also discusses the debt the U.S. government is accruing with tax reform and the new spending bill.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
