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'Way overdue for a correction': Long-time bull Jim Paulsen delivers a 10% to 15% pullback forecast
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cnbc.comThe latest market setback may be a foreshock to a more serious downturn.
The Leuthold Group's Jim Paulsen predicts a 10% to 15% pullback will rattle investors next year due to high valuations and less accommodative Federal Reserve policies.
«We are way overdue for a correction, and we're going to get one,» the firm's chief investment strategist told CNBC's "Trading Nation" on Tuesday. «I would be trying to diversify away from the S&P 500, which I think might take the brunt of it.»
Paulsen, a long-term bull, isn't as concerned about the economic and market impact of the Covid omicron variant.
«It's more likely to prove to be less serious than we fear at the moment. It's not like this is a brand new thing… We have a population that's far more
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