A senior strategist from Federated Investors recently explained why the summer months for equities may not have been very sunny and has some clues ready.
Philip Orlando, chief equity strategist and senior vice president of asset manager Federated Investors , points to a “cruel” summer for equities as part of an interview in “CNBC’s Future Now” program .
That’s why it will not be a nice summer for the stock market
Philip Orlando echoed “CNBC” that the stock market is currently in transition to a clear case: “We expect an air hole here that will bring the market in the summer months, for example, on the sliding 200-day line,” so Orlando.
The Dow Jones is currently on a six-day dry spell, and the S & P 500 also has four negative trading days in a row. This current negative move led Orlando, among others, to his opinion, as “CNBC” reports.