The major indexes (^DJI,^GSPC, ^IXIC) are selling off sharply on Monday as investors fear the Federal Reserve may be late to starting its rate cut cycle.
Keith Lerner, Co-Chief Investment Officer and Chief Market Strategist at Truist, says it does feel like people may be panicking a bit, arguing that he expects there’s going to be some market choppiness ahead. “I actually think we’re going to be in an extended period of choppier waters because what tends to happen after you have a quick move down in the market and a volatility spike, that tells you that market participants were off-sides,” he says. So what happens as a result? There tends to be big swings upwards and downwards in the market, Lerner notes, adding “there’s a battle between fear and greed.”
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Watch the video above to hear where Lerner thinks investors may want to look to buy the dip.
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