Renowned market strategist and founder of McMillan Analysis Corporation, Lawrence McMillan, has recently shared his insights on the current state of the U.S. stock market. According to McMillan, the markets may have some cushion this month, despite the ongoing uncertainty surrounding the COVID-19 pandemic and the upcoming U.S. presidential election.
McMillan believes that the recent pullback in the stock market has created some buying opportunities for investors, particularly in the technology sector. He also notes that the market’s current volatility may be a sign of a healthy correction, rather than a major downturn.
However, McMillan warns that investors should remain cautious and keep a close eye on market trends, as the upcoming election and the ongoing pandemic could still have a significant impact on the stock market. He advises investors to focus on companies with strong fundamentals and a proven track record of success, rather than trying to time the market or chase short-term gains.
Overall, McMillan’s analysis suggests that the U.S. stock market may be in for a bumpy ride in the coming months, but there are still opportunities for savvy investors to make smart investments and ride out the volatility. As always, it’s important to do your research, stay informed, and make informed decisions based on your own financial goals and risk tolerance.