(LaPorte, IN) - A local expert on investing is expecting the stock market to go back down soon.
Tim Stabosz, a 30-year independent private investor, says the recovery in recent weeks to a certain degree has been artificial relying on things like government money pumped into the economy to keep from crashing.
He believes investors will pull back once the latest unemployment figures come out soon.
Stabosz said he does not believe the stock market will hit the lows in March when panic over COVID-19 first set in.
He also believes the stock market will fully recover long term at some point but feels it won’t happen this year.
Despite the recent Wall Street roller coaster ride, Stabosz said the stock market is still the best choice for investors seeking higher returns.