Strategists Warn Stocks Haven't Bottomed Yet
- This year’s third major retreat has S&P 500 down almost 6%
- Trade, yield and profit margins are key risks cited for market
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While the stock market seemed to be settling down after Wednesday’s bloodletting, some Wall Street strategists warned that it may be too early to buy the dip.
To be sure, nobody expects this month’s rout to mark the beginning of an end to the bull market that by some measures has become the longest in history. The economy and corporate America are still on solid footing, they say.