The Leuthold Group’s Jim Paulsen considers Wall Street pessimism overdone.
From the latest consumer confidence numbers to booming home sales, the firm’s chief investment strategist believes Main Street is accurately reflecting an unprecedented rebound, and investors will soon take notice.
“A lot of good things happening here as we enter the fourth quarter,” Paulsen told CNBC’s “Trading Nation” on Wednesday. “The first one is just incredible economic momentum heading into this last quarter of the year.”
Even though the third quarter was positive for the major indexes, September was a losing month. The S&P 500 fell by 4% while