STOCKS | Citrini Says U.S. Stocks Have Not Peaked, Sees More Frequent 10%–15% Pullbacks

Citrini said U.S. stocks have not yet reached a peak and described the recent market pullback as a delayed flush of crowded, highly leveraged momentum stocks. According to Odaily, Citrini said fundamentals still support further gains into late summer. Citrini added that over the next three to four months, 10% to 15% drawdowns from interim highs may occur more frequently.