The markets have been rallying lately, but Insider’s Phil Rosen says stocks still have room to fall… and the bear market isn’t over yet.
ROSEN: Analysts from BlackRock and Morgan Stanley said on Monday that the stock market is disconnected from reality. So the S&P 500 is up almost 20% since last month, but that surge has come as fundamentals point to a slowdown. [14sec]
Phil says companies expect the FED to continue to be aggressive with its policies which will keep the pressure on the markets.
ROSEN: So pretty much they’re saying investors shouldn’t hold their breath for more upside in stocks. [5 sec]
Phil Rosen writes Insider’s 10 Things Before the Opening Bell newsletter.