div > div.group > p:first-child"> Federated Investors' Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it's no reason for investors to hunker down.
That forecast appeared to be taking shape on Friday when the Dow fell 460 points 1.77 percent, and the S&P 500 posted its worst day since January 3. However, Orlando told"Futures Now" on Friday he doubts these are the catalysts that'll carry the sell-off. "In a worst case scenario... we move back into that 2600 neighborhood depending on how bad the earnings are, and how slopping the guidance is," he said."I don't think it's going to be a disaster. I don't think we're going to retest the Christmas Eve bottoms."
Source: News Formal (newsformal.com)
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