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Stocks rally like it’s ‘mission accomplished’ — but some investors are urging caution as Nasdaq exits bear market

·4 min read
Stocks rally like it’s ‘mission accomplished’ — but some investors are urging caution as Nasdaq exits bear market

Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in the bag, the Fed can back off,” said Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute, in a phone interview Wednesday. Samana cautioned that inflation remains elevated even after easing in July.