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Chris Galipeau, head market strategist at the Franklin Templeton Institute, told Yahoo Finance that investors should prepare to buy pullbacks in the S&P 500 rather than chasing current prices.
Speaking with Senior Reporter Brooke DiPalma, Galipeau described the current environment as a "volatility window" extending through September and October, driven by upcoming Federal Reserve meetings and midterm elections.
Galipeau characterized the macro backdrop as bullish, citing a strong earnings profile and the market's existing expectation that the Federal Reserve is likely to raise rates in December.
While acknowledging factors such as rising bond yields and higher oil prices, he advised investors to stay the course.
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