Brace your portfolio: Stocks are set to pop and then drop, says strategist Jim Paulsen

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JIM PAULSEN said in a recent interview that the stock market’s strong start to the year is built on more than investors’ enthusiasm around President Trump’s proposed policies potentially buoying equities; investors are seeing a steady stream of positive economic data and earnings momentum. And the likelihood that the Federal Reserve will raise interest rates this year is somewhat of a confidence builder for equity investors from an economic perspective, he said.

Paulsen foresees the S&P 500 as poised to roar to 2,600, then plunge to the 2,200 ballpark as rates rise and finally recover a bit too close out 2017 at 2,350.

Jim Paulsen Jim Paulsen 

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