Butt many strategists still see underlying economic strength beneath the stock market's struggles.
JPMorgan's team says that the U.S. economic expansion “is being dented but not derailed.”
“Both sentiment and positioning are now too bearish,” they wrote
The world's richest man was all over the U.S. stock market on Monday.
Companies on the index have lost about $3.1 trillion in market capitalization so far this year.
In his typically bullish fashion, Tom Lee is downplaying the impacts of the Russia-Ukraine conflict.
Fast-growing tech companies are sensitive to higher interest rates.
One theory says that January performance is a harbinger for where the market will go the rest of the year.
But that doesn't necessarily mean the bull market is dead, Truist said.
Since 1969, the S&P 500 index has averaged a gain of 1.3% over the seven-day "Santa Claus rally" period.
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