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.
The return of ‘meme stocks’ don’t mean it’s time to panic about the stock market. If you want something to worry about… look no further than inflation.
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With Gamestop and other meme stocks back on the rise, it brings to mind some similarities between 2021 and 2024 economically… and that’s not necessarily good.