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Benzinga
Benzinga
Business
Wayne Duggan

'Hard To Justify Valuations Going Back': NewEdge Wealth's Cameron Dawson Sees More Downside Ahead For S&P 500

Cameron Dawson United States US Federal Reserve

Cameron Dawson, chief investment officer at NewEdge Wealth, joined Benzinga's PreMarket Prep on Wednesday morning. Dawson discussed why retail investor sentiment is still too bullish and why the S&P 500 may still have significant downside ahead.

Retail Investor Sentiment: Dawson said the percentage allocation to stocks in retail investors' accounts is still historically high at around 67%, which doesn't bode well for the SPDR S&P 500 (NYSE:SPY) outlook.

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