Correction Over And Likely Rise To New Records

My overall guess is the market correction is over and will likely rise to new records, says Jim Paulsen, Chief Investment Strategist, Leuthold Group. He thinks markets will be led by cyclical sectors, small-cap and international stocks. He says there is fear in the sentiment. He thinks it's a good time to buy, when fundamentals are good, but fear is there. He is looking at six months out and looking at cyclical sectors such as industrials, materials, and financials. Jim thinks the Fed will raise rates about four times this year, and wouldn't be surprised if we got a 50 basis point hike. He also discusses the VIX levels.