Cautious Stance on Stocks Makes Sense, Says Deutsche Bank’s Puri
- Concerns heading into the year-end are piling up, the CIO says
- Bank expects S&P 500 to trade around 4,600 by next September
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Risks are piling up ahead of the year’s end, according to Deutsche Bank Wealth Management’s Deepak Puri.
Stocks have gone up too far, too fast since the lows of March 2020, he said. And while they can continue climbing, there are a number of concerns on the horizon.