Need to Know: Do not buy into the Goldilocks narrative in this stock market, strategist warns

Apparently, stocks can also fall in 2019.

In case you needed evidence, the S&P 500 SPX, +1.09% , Dow DJIA, +0.51% and Nasdaq COMP, +1.66% proved that last week with all three in the red for five days in a row, which hasn’t happened since 2016.

So much for that big bounce off December lows?

Of course, nobody — with a few bearish, and increasingly desperate, exceptions — is really pushing the panic button just yet. The market’s proven far too resilient to be thrown off by a few down days. Just look at Monday’s action.

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