Stock market looks 'eerily similar' to last big crash, veteran Charles Schwab analyst says in dire warning for 401(k)s

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Stock market looks 'eerily similar' to last big crash, veteran Charles Schwab analyst says in dire warning for 401(k)s

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Charles Schwab economists are pointing out that current market conditions are becoming more similar to 2021, the year before the most recent time stocks soured. The bank's investment analysts warned of the problems caused by the growing disconnect between individual stocks doing badly and indexes such as the S&P 500 going gangbusters. 'If we continue to see more weakness in the former and strength in the latter, it will start to eerily mimic 2021's dynamic,' wrote Liz Ann Sonders, who's been Charles Schwab's chief investment strategist for 24 years, in a June 24 market commentary.
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