Fed rate cuts won't be enough to stop a recession, Ned Davis warns (via CNBCFuturesNow)
in late April. It has also led strategists like Ed Clissold of Ned Davis Research to maintain their year-end targets, while warning that the path there could be choppy.
"We think it's going to be a choppy market from here, and so 2950 is in line with what you'd expect over the long run from the S&P," he said. "But you'd get some pullbacks and opportunities to get in at a little bit more attractive prices as we go for the next few months." "The correction [in] the last few weeks removed some of the excess optimism and that allowed for the market to move to new highs," he said. "But ... if we start spiraling towards a recession, if we get too far gone, a couple rate cuts isn't going to be enough to pull us out and then it could be a much rougher situation."— have to tread carefully as they consider cutting interest rates, Clissold said.
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