"...We think stocks will take a breather shortly. We do not subscribe to the theory that investors, en masse, exit the market when it reaches some pre-ordained level or when returns eclipse a certain point. We know plenty of people who, despite the 26%+ year-to-date return in the S&P 500, are more than content to hold on. So we’re not anticipating anything other than a correction primarily because we don’t see a mad rush for the exits developing. Nonetheless, the market’s surge to new record levels has only strengthened our conviction that stocks have entered an overshoot phase that will end in a tactical pullback..."
The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville. The Firm is also a member of the Financial Planning Association of Northeast Florida, the Jacksonville Chamber of Commerce, the Southside Businessmen's Club, and the Beaches Business Association.
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