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Wall Street Analysts Warn Investors Not To Be Fooled By Sudden New Highs In Stock Market

Wall Street Analysts Warn Investors Not To Be Fooled By Sudden New Highs In Stock Market

Market
On Tuesday, the United States stock market closed at record-breaking highs. Since then, traders and investors have been on a buying spree. However, Private Wealth Management's senior portfolio manager, Michael Baele has urged investors about buying stocks because of the recent highs. Speaking to the Wall Street Journal, he said that the United States stock market is trying to repeat what happened in the last quarter of 2018. In his opinion, the current buying pressure is influenced by panic and not strong technicals and fundamentals. Long-term traders are worried that the Feds will increase the rates so they want to buy as much as they can at the current rate. Michael Baele isn't the only experienced analyst who has advised investors to proceed with caution. ThinkMarkets UK...