Stock market heading for ‘correction’? EconoMeter panel says yes — and no

Question: Will there be a stock pullback by year’s end?

Bobs Answer: NO
The current economic environment is solid despite this cycle’s age of 100 months of positive growth. Strong consumer confidence and employment levels, coupled with stable oil prices and low interest rates bode well for the stock market. I believe a correction would most likely be caused by an external event having nothing to do with the economy. A tax reform package could even boost stock prices higher.

To read the other EconoMeter panelists’ answers to this weeks question click here.

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