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‘Stocks Could Really Rally,’ Bullish Wall Street Analyst Says Despite Pullback



(AP File Photo/Richard Drew)
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Last week, the financial markets experienced the biggest wave of selling since June of 2020, as concerning retail earnings rehashed worries about the impact of rising inflation.

While many are predicting a coming bear market, Oppenheimer Chief Investment Strategist John Stoltzfus says he’s not yet ready to revise his bullish S&P target lower, despite the pullback in the stock market and rising Fed interest rates.

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