Was the recent market volatility just a fake out? After notching an all-time high on September 2, fears related to overheated valuations spurred a rapid correction, marking the first material correction of the current bull market. However, this doesn’t mean the bears have been vindicated, so says Wells Fargo’s Sameer Samana.Samana highlights the fact that both the S&P 500 and the NASDAQ “were able to hold above the levels we saw in June,” arguing “from a higher highs, higher lows standpoint, the fact you were able to hold at higher levels than June or July is encouraging.” He added, “Right …read more
Source:: Yahoo Finance
