Published on 12 Mar 2024 on Bloomberg via Yahoo Finance
(Bloomberg) -- The stock market is ripe for a correction with the Magnificent Seven-fueled rally significantly overdone, according to Ariel Investments’ founder John Rogers Jr., who correctly forecast the US avoiding a recession in 2023 and the market’s buoyant rally.
Most Read from Bloomberg
One of the Most Infamous Trades on Wall Street Is Roaring BackStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapChina Has Never Canceled This Many Shipments of US WheatNY Says Trump Should Post Full Bond During Fraud Case AppealUS Core Inflation Tops Forecasts Again, Reinforcing Fed Caution