Carson Group's Detrick: 'Diversify your diversifiers' to get past market bumps
Description
Ryan Detrick, chief market strategist at the Carson Group, says that he expects the stock market to go through "a 4% to 6% normal, mild pullback" in short order, a downturn that he says is likely to be good for the market, helping it get ready to benefit from positive economic news and an eventual cut in interest rates. Detrick says that he expects developed Europe to remain strong, and he believes investors who are heeding market worries should rebalance their portfolios to get back onto their plan, because diversification pays off when a market is touchy about headline events.
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Tom Martin, senior portfolio manager at Globalt Investments, brings his disciplined, earnings-driven approach to stocks to the Market Call.
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