“The status quo is not an option,” Cucchiaro said. “The longer it goes on, the tougher it will be to get out.”
Finally, there is China. The country has helped lift the global economy but there are fears of inflation, which could to rate hikes and a potential hard landing, he added.
From a technical perspective, ETFs tracking major stock indexes such as the S&P 500 and Dow breaking above their 200-day exponential moving averages could also trigger buying from investors and advisors who use the indicator to position portfolios.
The iShares S&P 500 (NYSEArca: IVV) was up 3.4% year to date as of Thursday’s close, according to Morningstar.
iShares S&P 500
