Following the stock market’s worst Christmas Eve, traders “bought the dip” and sent the indexes soaring higher for an equally historic surge. However, Apriem’s Benjamin Lau warns that sellers aren’t through with this market yet.
Below is an excerpt for the article in USA Today.
“I’m not convinced this is a turnaround rally,” said Benjamin Lau, chief investment officer of Apriem Advisors in Irvine, California. “It’s still a seller’s market.”
The full article can be read here.