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Raymond James Warns of Potential 10% Correction in S&P 500, Sees Buying Opportunity
Raymond James Warns of Potential 10% Correction in S&P 500, Sees Buying Opportunity
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BTCCSquare news:
Raymond James Financial Inc. has issued a stark warning about the S&P 500, predicting an 8-10% downturn over the next three months. The firm attributes this to mechanical sell triggers activated last week, with November losses already showing weakness in tech and broader market breadth.
Javed Mirza, Managing Director at Raymond James, frames the correction as a strategic entry point. "This is not a time for panic, but for patience," he notes, emphasizing that the 1-3 month corrective phase could offer lucrative opportunities for disciplined investors.
While the index faces headwinds, its longer-term trajectory remains undimmed. The current volatility echoes classic market rhythms where temporary pullbacks precede renewed upward momentum.
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