Matthew Maley, chief strategist at Miller Tabak & Co, said the time was ripe for a correction in US stocks, with a 10% to 15% correction expected in the near future, followed by a return to gains in the fourth quarter. According to Maley, overbought stocks, especially large technology stocks, new anti epidemic stimulus plans, geopolitical uncertainty and concerns about a rebound in the fall’s new crown epidemic have unsettled investors. However, he has a more “constructive” view on the performance of the market in the fourth quarter. Mr. Marley suggested repeating the strategy earlier this year – “immediate cash out” to take advantage of market opportunities in the autumn and maximize profits in the market rebound later this year. < p > < p > Maley said, “in March and April, people who followed our January and February recommendations were very happy We think that if they follow the same strategy, they will be very happy in the next two months The Fed is key here, says Maley. “The Fed’s top priority is the credit market, not the stock market. Only a serious decline in stocks will destabilize the credit market, not a 10% – 15% adjustment. ” < / P > < p > as a result, he expects the fed to reintroduce stimulus measures before this magnitude of market adjustment becomes worse, just as it did in the first quarter (the Federal Reserve urgently dropped to zero and launched a $700 billion QE program). “This may push the S & P back to 3600, but we also think it will be very difficult for the stock market to rebound strongly without going through a normal / healthy correction in advance,” Maley said With the impending presidential election in the United States, historical data is also a reference factor. He pointed out that since 1972, from election day (or shortly after) to the end of the year, the stock market has rebounded 10 times out of 12 times, with an average increase of 7.2%. “No matter who wins the November election,” the rebound will come.