A pullback is brewing, say these strategists who have examined every drawdown since 1956

AI Summary

RBC Capital Markets strategists say a near-term market correction is possible, but historical comparisons with major drawdowns since 1956 show that many warning signs are currently absent. Their analysis suggests the risk of a severe pullback may be less evident than headlines imply.

While a modest correction is probable in the near-term, RBC Capital Markets’ analysis of previous significant market drawdowns finds many of the telltale signs are lacking at present.