This Forecaster Called the Market Correction. Why He Sees Stocks Bouncing Back
Portfolio Pulse from
Barry Bannister from Stifel predicts a short-term stock market rally to 5,500 by June, followed by a potential fall to 4,200 by year-end. He anticipates two Fed rate cuts and warns of a mild recession in late 2025, recommending defensive investments in utilities, gold, and cash.
March 20, 2025 | 4:30 pm
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POSITIVE IMPACT
Strategist expects gold prices to rise as investors seek safe-haven assets amid potential economic uncertainty and market volatility.
Bannister suggests gold as a defensive investment, indicating potential upside for gold-related ETFs like GLD.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Bannister expects utility stocks to outperform the broader market as investors seek stable, dividend-paying companies during potential economic uncertainty.
Bannister specifically recommends utility stocks as a defensive investment, suggesting potential positive performance for utility sector ETFs like XLU.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80