Market melt-up to persist due to social security benefit risks
Wall street continues to defy gravity. One area of support for equities comes from investors close to retirement. John Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management says investors are looking to invest in stocks for retirement purposes at a time when it is projected that US social security benefits could be at risk of being reduced in the not-too-distant future. Stoltzfus explains the ramifications of this to IG’s Angeline Ong.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube“Your capital is at risk. 71% of retail CFD accounts lose money"