Especially as the starting line for rate cuts keeps getting pushed further back. Thus, not a surprise that we have seen a modest pullback in prices from the recent highs.
On the other hand, I do not expect that investors are in a true “Risk Off” mood. They still see the positive catalysts of lower rates moving stocks to new highs in the months and years ahead. So, market bulls will not want to lose their grip on stocks at this juncture.
