Wells Fargo's Samana expects a pullback before the rally's next steps
Publisher |
Chuck Jaffe
Media Type |
audio
Categories Via RSS |
Business
Investing
Publication Date |
Mar 19, 2024
Episode Duration |
01:00:38

Sameer Samana, senior global market strategist at the Wells Fargo Investment Institute, says that the market's recent rally appears to have run out of steam, requiring "a little bit of a breather" before the market makes more real upward progress. He expects a 5 to 10 percent pullback, with Standard & Poor's 500 using the 5,000 level as its new support level and the uptrend only being threatened if the sell-off pushes it below 4,600. Jay Zagorsky, a professor who studies the gaming industry at Boston University’s Questrom School of Business, says some $20 billion will be gambled on March Madness this year, with a record number of participants placing some type of wager thanks to rapid growth in legalized gaming. Matt Schulz, chief credit analyst at LendingTree, discusses his just-released new book, "Ask Questions, Save Money, Make More: How to Take Control of Your Financial Life," and Elliott Gue, editor of the Energy & Income Advisor newsletter is talking income-generating stocks in the Market Call.

This episode currently has no reviews.

Submit Review
This episode could use a review!

This episode could use a review! Have anything to say about it? Share your thoughts using the button below.

Submit Review