Mark Luschini: U.S. stocks are oversold but the adjustment is not over, and the rebound depends on economic data

According to Jinshi News, Janney Montgomery Scott Chief Investment Strategist Mark Luschini stated that the adjustment in the U.S. stock market that began in late October does not seem to be completely over. The market has shown oversold conditions, creating the potential for a technical rebound, but the upcoming economic data will be a decisive factor. This data, which may affect the Federal Reserve's interest rate cut expectations, will determine the strength of the rebound or whether a deeper correction is needed to attract buyers.