Two weeks after markets freaked out, the worst appears to be over for now
The gut-wrenching tug of war between rising interest rates and falling stock prices seems to be taking a rest, and strategists say the worst of the February correction may be over for now.
Stocks closed out their fifth day of gains, with the S&P 500 just 4.9 percent away from its all-time high.
“I think we’ve seen the low, but I don’t know if we make a new high,” said Bob Doll, chief equity strategist and senior portfolio manager at Nuveen Asset Management.
Patti Domm | @pattidomm