A Q1 Pullback Appears Likely but Temporary

Coincidently, as I was preparing for this week’s note, I came across a quote from Peter Lynch, the legendary portfolio manager of Fidelity’s Magellan Fund between 1977-1990. Peter noted that “Far more money has been lost by investors preparing for corrections than has been lost in the corrections themselves”. I view this as sage advice heading into Q1 2021 as all us on the Fundstrat macro team assesses the risks facing investors early next year. If you are interested in more of Peter Ly...

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